State utility Israel Electric Corporation (IEC) relies on more than 4.5bcm/y of domestic gas to run its power plants. Demand is on an upwards trajectory, but its existing gas supply agreements expire by end-2030. The situation is far from acute, but there is growing speculation that as rivals tie up gas-supply deals, IEC risks being left in the cold.
The issue came into focus after private power producer Dalia Energies signed a 20-year gas supply agreement with NewMed Energy and Ratio Energies for 32bcm of gas from the Leviathan field last month (MEES, 29 May). Deliveries are due to start in January 2030, and the deal is the first separately marketed gas sales agreement from an Israeli gas field. (CONTINUED - 974 WORDS)
