(25.4.2016) Now that the Israeli gas industry is in its poorest position in a long time (dependent on a single reservoir, with the gas plan having stalled, a global gas glut, and plunging global oil prices), it appears that Putin is trying his luck again. Russia‘s oil and gas revenues account for 50% of the country‘s income (45% from oil and 5% from natural gas), but for Putin, a stake in an Israeli gas reservoir is a strategic-geopolitical issue, not an economic one.