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 translated into record gas exports to Egypt and Jordan for 2021. With the start-up of the Karish field and expansion of the key Leviathan field potentially around the corner, Israel is set to have an abundance of gas which it could use to target markets further afield.
2021 In Numbers
| Gas Output | 19.38 | bcm |
| Gas Exports | 12.26 | bcm |
| Crude Imports | 230 | 000 b/d |
| Refining Capacity | 297 | 000 b/d |
| Gas Rig Count | 0 | - |
17 Mar, 2023
Featured
‘It’s A Beautiful Asset’: Chevron Talks-Up East Med Expansion Plans
Chevron is effusive in its praise for its East Med assets with expansion at both Leviathan and Tamar advancing amid recent exploration success.
Chevron East Mediterranean Assets
NEWS IN BRIEF
Israel Adds More Golan Wind
10 Mar, 2023
NewMed-Capricorn Deal Axed
17 Feb, 2023
Israel Joins Oil Exporters Club
17 Feb, 2023
Israel's Enlight Plans US Listing
10 Feb, 2023
NewMed Capricorn Takeover: Scuppered?
3 Feb, 2023
Israel's Newmed: Takeover Troubles
23 Dec, 2022
Israel, Jordan & UAE Ink MoU On Power-For-Water Deal
11 Nov, 2022
SELECTED DATA
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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