Israel’s gas performance chafes against narrow export horizons
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
Israeli officials have had a difficult time with the economic downturn resulting from its revived conflict in Gaza, but recent events have given cause for renewed optimism on the country’s energy outlook. Figures released by Israel’s Ministry of Energy and Mining show that gas exports to Egypt and Jordan increased by 13.4% to 13.11 billion cubic metres (bcm), while production from its offshore Leviathan, Karish and Tamar fields grew 8.3% to 25.28bcm over the same period. Early 2025 has also seen fresh movement on plans to develop more of its offshore resources. In February, Israel’s NewMed Energy filed plans to drill three additional production wells at the Leviathan field, as well as laying
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
