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
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