05.07.2009

Reduction in cost per unit resulting from increased production realized through operational efficiencies. IEC can enjoy economies of scale compared to an individual IPP. More based on supply side of equation

Economic producibility differs from commerciality in that economic producibility is less subjective in that it does not depend on a company’s net present value which can differ from company to company.

Those natural gas resources for which there are economic incentives for production; that is, the cost of extracting those resources is low enough to allow natural gas companies to generate an adequate financial return given current market conditions. However, it is important to note that economically unrecoverable resources may, at some time in the future, become recoverable, as soon as the technology to produce them becomes less expensive, or the characteristics of the natural gas market are such that companies can ensure a fair return on their investment by extracting this gas. Those resources that have been discovered, and for which a specific reservoir location is known, can further be broken down into those resources that are economically recoverable, and those that are economically unrecoverable. This differs from technically unrecoverable resources, in that the technology exists (or is foreseeable in the near future) to get economically unrecoverable resources from the ground, but the economics do not exist to make the production of this natural gas profitable

Estimation as to the potential to recover resources under economic conditions.

The Committee deals with the following issues: Trade and industry, supply and rationing, agriculture and fisheries, all sectors of transportation, cooperative association, economic planning and coordination, development, state concessions and trusteeship over property, the property of absentee Arabs, the property of Jews from enemy states and of Jews who are no longer alive, public works, housing, communications, Israel Land Administration, energy, infrastructure, and water

Enacted for the first time in 1985 (Israel) by then PM Shimon Peres & Finance Minister Modai and used by the Government of Israel as a tool to enact a host of laws under the umbrella of the Budget and which are thus passed without extensive debate