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
13 February 2025
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
12 February 2025
The oilfield expansion provides a fresh influx of revenue but will strain its cooperation with OPEC+ and fails to mask deeper issues with the economy and investors
11 February 2025
Improving compliance among the group and wider group is offset by production increases in outliers Libya, Venezuela and Iran
10 February 2025
The country wants to kickstart its upstream but first needs to persuade investors to foot the bill