Israel mulls future gas strategy
Supply and demand scenarios underpin recommendations on the fate of as-yet-undiscovered gasfields
Israel's future gas supply and export strategy could shift as a result of an inter-ministerial team's estimates on demand and supply up to 2042. A committee led by Udi Adiri, director general of the Ministry of Energy, has published findings of a months-long study on the Israeli gas market. It is drawn from data generated in the past five years since the Tamar field (with estimated reserves of 10 trillion cf) came on line. Previous recommendations, such as the Zemach committee's report in 2013, were drawn from estimates using only previously discovered fields. Two facts stand out from the Adiri committee's findings: the first is that Israel has consumed less gas than was forecast: 43 bn cm c
Also in this section
6 December 2024
The NOCs are both looking to take advantage of the petrochemicals boom, with the Saudi firm snapping up stakes in Asian JVs tied to offtake agreements and its Emirati counterpart striking big M&A deals
5 December 2024
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
5 December 2024
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
