Yigal Landau on regulatory risk
From First Class with Shay Shalev - One-on-one with Yigal Landau, CEO of Ratio Energies · · ערוץ 10 | ערוץ הכלכלה של ישראל
“חברות בורחות מזה ולראיה ונצואלה שהייתה אחד מגדולי מפיקות הנפט בעולם ואחרי שהממשלה התחילה שם להתערב ולהעלים מה שבפועל קרה וניצואלה הגיע למשבר כלכלי ענק למחסור בנפט.”
On , Yigal Landau, CEO at Ratio Energies, spoke about regulatory risk during First Class with Shay Shalev - One-on-one with Yigal Landau, CEO of Ratio Energies on ערוץ 10 | ערוץ הכלכלה של ישראל.
About Yigal Landau
Yigal Landau, CEO of Ratio Energies, appeared on the program "First Class with Shay Shalev" on May 1, 2024. During the interview, Landau discussed the development of the Leviathan gas field, noting that the project cost $4 billion and was funded entirely by the private sector. He stated that the gas industry, including fields like Leviathan, Tamar, and Kish, contributes about 10 billion shekels per year to the state treasury. Landau also commented on the resilience of Israel's energy supply following the October 7, 2023 attacks, saying that when the Tamar platform was shut down for over a month, Leviathan supplied enough gas to meet the Israeli market's needs, and that the country did not experience power outages. Landau addressed regulatory challenges in the gas sector, remarking that after 15 years of drilling 100 wells without success, no one expressed concern, but once gas was discovered, many sought to become partners. He added that this dynamic, combined with regulatory uncertainty, deters large international companies. Landau also noted that Israel's electricity bill is among the lowest in the world, attributing this to long-term contracts with gas suppliers, and stated that the country has not felt the global energy distress despite high oil prices and geopolitical tensions.