East Mediterranean

Israel

Poor neighborly relations have long stunted Israeli plans to develop its gas riches. But with 22tcf Leviathan set to come online end-2019, it’s crunch time for crucial gas deals with Egypt and Jordan.

State of Play

By the end of 2019 Israel will have two producing offshore gas fields, 10tcf Tamar and 22tcf Leviathan. But poor to non-existent relations with neighboring countries have made it difficult to secure export deals. Israel is attempting to expand its domestic gas market to accommodate the fields’ potential 2bn cfd-plus output.

2018 In Numbers

Gas Output	10.36	bcm
Refining Capacity	0.3	mn b/d
Gas Rig Count	1	-
Debt to GDP	112.3	%

Oil & Gas

1 Nov, 2019

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Israel Offshore Awards: Small Firms, Smaller Commitments

Israel has finalized awards from its 2018 bid round, awards that are notable mainly for the second-tier nature of the firms and also the lack of drilling commitments.