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Israel is cutting its oil import bill and increasing its energy security by incentivizing power plants and industrial users to switch from liquid fuels to domestically-produced gas.
Some 40 tcf of gas has been discovered offshore Israel in recent years, although only the 10 tcf Tamar field is currently producing. The 22 tcf Leviathan field, the country’s largest discovery, is due to begin production in early 2018 (MEES, 18 July).
Israel’s Ministry of Energy and Water Resources is handing out grants to power generators to switch to natural gas. By switching to domestically-produced gas Israel will lessen its dependence on imported oil: a major supply security concern given the number of key oil exporters who refuse to sell to Israel. (CONTINUED - 530 WORDS)