Israel prepares an energy revolution: what will change for residents

Israel is ramping up natural gas production and developing a new state strategy aimed at securing the domestic fuel market until 2050, expanding exports, and searching for new fields. An inter-ministerial commission has presented a report guaranteeing domestic supplies for 25 years. For consumers, this means potential containment of electricity prices, which are already 18% below the OECD average, and enhanced energy security.

Israel is developing a new state strategy for natural gas, aimed at securing the domestic fuel market until 2050, expanding exports, and searching for new fields. The inter-ministerial commission on gas policy has presented a final report guaranteeing domestic supplies for 25 years ahead. The main production comes from the Tamar, Leviathan, and Karish fields, with the Katlan field expected to launch in 2027. For consumers, this means potential containment of electricity prices: according to Energy Minister Eli Cohen, electricity costs in Israel are already 18% below the OECD average thanks to local gas. State revenues from the sector have reached approximately 30 billion shekels, and could approach 300 billion in the future. Exports are planned to be developed without creating a domestic deficit, primarily to Egypt and Jordan. The strategy also includes searching for new fields, including deep-sea oil drilling, and studying the possibility of nuclear generation. Special attention is given to attracting data centers, which could require between 1 and 3 GW of power.