Aug. 9. 2011 (published Aug. 8, 2011)–Ministry of National Infrastructures director general Shaul Tzemach is promoting an initiative for Israel and Cyprus to hold a joint campaign across the US to attract large investors for the two countries’ developing natural gas industry. As in every successful relationship, each side in this promising partnership has advantages that complement each other: Israel brings (relative) economic stability, the ability to protect the reserves and offshore facilities, and a capital market hungry to raise capital for gas and oil companies. Cyprus brings international connections, political stability under EU protection, available land, and an attractive tax regime that has never heard the name Eytan Sheshinski…
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