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 |
19 Sep, 2025
Featured
Leviathan Expansion Boosted By Israel-Egypt Pipeline Deal
Chevron and its partners at Israel’s Leviathan took a big step toward the expansion of the giant gas field to 2.1bn cfd and doubling exports to Egypt after they reached agreement with the Israeli government on terms for a 600mn cfd onshore pipeline.
Israel Gas Infrastructure & Export Routes
NEWS IN BRIEF
Israel And Hamas Approve Gaza Ceasefire
10 Oct, 2025
Israel Strikes Yemen Again
12 Sep, 2025
Israel Approves Leviathan Expansion Plan
22 Aug, 2025
Israel Votes To Occupy Gaza City
8 Aug, 2025
Ashdod Refinery Restart Delayed
18 Jul, 2025
Israel’s Bazan Refinery Partially Restarts
4 Jul, 2025
Socar Finalizes 10% Tamar Entry
27 Jun, 2025
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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