East Mediterranean


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 2025 . Key IOC and NOC entrants should further enhance the country's status as a pivotal regional hub.

2022 In Numbers
Gas Output 21.91 bcm
Gas Exports 9.16 bcm
Crude Imports 274 000 b/d
Refining Output 285 000 b/d
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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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