Research: Israeli gov't take worth $840m in Aphrodite dispute

Israel would likely lose over $840 million (NIS 3 billion) in tax revenues and royalties in the event that Cyprus began development procedures and exporting natural gas from the Aphrodite field without a signed agreement that arranges the division of the gas between the two countries. This is the conclusion from a background economic paper prepared by Dr. Yehoshua Hoffer for the gas pasrtnership, which owns the Ishai license in Israel's economic waters bordering Cyprus's Aphrodite field.