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 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

Oil & Gas

8 Sep, 2023

Featured

Netanyahu Talks Gas In Cyprus; Katz Talks Turkey

Israel is keeping its options open on regional cooperation. Already supplying Egypt with record volumes of natural gas, it eyes more gas ties with both Cyprus & Turkey.