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
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SELECTED DATA

Israel Q1 Gas Output Rises 6% As Leviathan Ramps-Up To Record 1.043bn cfd (mn cfd)

Leviathan Field Stakes (%)

Tamar Output Slumped 21% For 2020 Following Leviathan Ramp-Up (mn cfd)

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