Israeli gas plans move tentatively ahead
Geopolitics could harm Leviathan export prospects just as the signs are looking good
There are two distinct perspectives to the planned development of Israel's giant (22 trillion cubic feet of reserves) offshore Leviathan natural gasfield. From one side, signs today are that this huge gas find, discovered in December 2010, is finally on its way to monetisation. From the other perspective, the prospects look less promising. The optimism is on the Israeli side. In February, the Delek group, holder of a 45.34% share in the Leviathan project, announced that its subsidiaries Delek Drilling and Avner Oil Exploration had received loans from Israeli and international banks worth $1.75bn for their share in the cost of developing the field. Chief executive Yossi Abu said the financing
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
