Israeli fuel strategy leans on gas Israel plans to cut oil use in transportation by 60 percent by 2025, an aggressive target by world standards, and will tap into its newfound natural gas deposits to make it happen. It is also investing heavily to help start-ups developing battery and biofuel technologies, and is offering an annual $1 million (R10.34 million) prize to innovators in the field, almost on par with winning a Nobel. Eyal Rosner, spokesman for the project in prime minister Benjamin Netanyahu’s office, said: “The intent is to make Israel a power centre that has knowledge and industry in the field, and from there to serve as a catalyst for the rest of the world in making the switch. The Fuel Choices Initiative programme has a 10-year budget of 1.5 billion shekels (R4.44 billion). Rosner switching from oil would bring consumer […]