East Mediterranean

Israel

Israel is ready to cast off its label as regional pariah following the historic Abraham Accords. Normalization of diplomatic relations with the UAE provides the platform to expand regional energy cooperation.

State of Play

Record gas output translated into record gas exports to Egypt and Jordan for 2021. With the start-up of the Karish field and expansion of the key Leviathan field potentially around the corner, Israel is set to have an abundance of gas which it could use to target markets further afield.

2021 In Numbers

Gas Output	19.38	bcm
Gas Exports	12.26	bcm
Crude Imports	230	000 b/d
Refining Capacity	297	000 b/d

Geopolitical Risk

5 Aug, 2022

Featured

Lebanon-Israel Maritime ‘Talks’ Continue: Is A Deal In Sight?

Israel and Lebanon are inching towards a compromise on their long-running maritime border dispute ahead of next month’s potential start-up of Energean’s Karish project.