Israel’s natural gas revolution

Over the past decade the production of natural gas in Israel has increased five-fold and the scale of gas reserves has increased by 40%. Israel is ranked 3rd place among the OECD countries in terms of natural gas reserves per capita, and benefits from a relative advantage of using natural gas for domestic use and exports. Natural gas constitutes a considerable geopolitical advantage for Israel, catapulting economic relations with Egypt and Jordan forward. Continued gas discoveries and promoting export policy, combined with retaining gas reserves required for the local market, are the cornerstones of the progression of Israel’s economy, reinforcing […]