Since the first use of natural gas for electricity generation and industrial uses in 2004 and up until the end of 2017, Israel saved some NIS 50 billion, alongside with a significant reduction in emissions of pollutants due to the declining use of liquid fuels and coal.
In 2021, domestic gas consumption in Israel exceeded 12 BCM, 80% of which was used in electricity generation. Accelerated growth in the use of natural gas is expected to continue in the coming years, increasing to around 17 BCM by 2030. The total forecast demand for the period 2021-2045 is estimated at nearly 500 BCM.
Drivers of future growth in domestic demand for natural gas include the expected phasing out of coal-fired stations by 2026, sustained growth in demand for electricity by households and industry, and significant growth in the electrification of transportation.