Israel is considering establishing a natural gas trading exchange to encourage competition, improve price transparency and align the country’s gas sector with international best practices. The platform, overseen by the Energy Ministry’s Natural Gas Authority, would allow producers, suppliers and large consumers to buy and sell gas volumes on a central marketplace rather than rely solely on long-term bilateral contracts.
Lack of upstream competition and the risk of market manipulation have been long-running concerns for Israeli politicians, and the exchange’s proponents view it as a means to mitigate this risk. Offshore gas fields account for approximately 70% of electricity generation, and MPs are acutely aware of the political fallout from any price rises. (CONTINUED - 896 WORDS)
