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 and exports have propelled Israel as a key player in the East Mediterranean basin. Expansion plans for the Chevron-operated Tamar and Leviathan fields are set to boost output and exports further by the end of 2025 . Key IOC and NOC entrants should further enhance the country's status as a pivotal regional hub.

2024 In Numbers
Gas Output 26.95 bcm
Gas Exports 13.1 bcm
Crude Imports 200 000 b/d
Refining Capacity 297 000 b/d
Renewables Capacity 6.7 GW
Corporate

3 Jul, 2026

Featured

Israel’s NewMed Faces Lawsuit Over Egypt Gas Deal

An Israeli court has ruled that NewMed Energy may have misled investors over risks embedded in a 2018 export deal with Egypt.

Israel Gas To Egypt (mn cfd): After Briefly Dropping Below Contractual Volumes In 1h 2020 Flows Recovered And Have More Than Met Those Obligations Since
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SELECTED DATA

Israel Gas Sales Prices ($/mn btu): Leviathan Earns More For Both Domestic And Exports Sales

Israel’s Refinied Products Output Fell 8% To A Three-Year Low 261,700 b/d For 1h 2024 (‘000 b/d)

Bazan Refinery Output Falls To Eight-Year Low 154,300 B/D For Q2 With Maintenance Shutdown At Largest CDU (‘000 b/d)

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