East Mediterranean

Israel

Poor neighborly relations have long stunted Israeli plans to develop its gas riches but the start of exports to Egypt and Jordan at the start of 2020 have proven to be a key diplomatic and geopolitical victory.

State of Play

Israel has two producing offshore gas fields, the 11tcf Tamar and 22tcf Leviathan. But poor to non-existent relations with neighboring countries have made it difficult to secure export deals. Israel is attempting to expand its domestic gas market to accommodate the fields’ potential 2bn cfd-plus output.

2018 In Numbers

Gas Output	10.47	bcm
Refining Capacity	0.3	mn b/d
Gas Rig Count	1	-
Debt to GDP	25*	%

*2018

Geopolitical Risk

17 Jan, 2020

Featured

Israel Scores Gas Diplomacy Breakthrough As Leviathan-Egypt Flows Begin

The start of Leviathan gas shipments to Egypt is a key geopolitical victory for Israel. Cairo has joined Jordan in taking Israeli gas as a meeting of the East Med Gas Forum celebrated the start of shipments. But, despite a Leviathan reserves hike, actual deliveries may remain modest.