JOIN ISRAEL'S GAS REVOLUTION!
In the past 15 years, Israel had transformed from a net importer of fossil fuels to self-sufficient in its gas consumption, presently providing for 65% of electricity generation.
The discovery of the giant Leviathan and Tamar gas fields in turbidite sands offshore Israel have established the Levant Basin as a world-class petroleum province. To date, 10 gas fields of various sizes have already been found in water depths of up to 1800m below mean sea level.
The Ministry of Energy is promoting the development of Israel's natural gas resources through the entire supply-chain, from exploration and production to transport and distribution to industries and households. The Ministry is seeking to expand the offshore exploration activity and is committed to provide long-term regulatory stability and a favorable investment environment. Our vision is to bring the benefits of natural gas not only to the Israeli economy but also to the entire Eastern Mediterranean region.
At the EMGF meeting in Cairo today, the Egyptian Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, and the Minister of Energy of the State of Israel, Karine Elharrar, signed a joint memorandum of understanding to examine the potential of exporting additional amounts of natural gas and the possibility of using the pipeline for hydrogen delivery, in the future.
During the meeting, Elharrar emphasized her commitment – and that of Israel – to strengthening and deepening ties with the partners in the field of renewable energy too.
On January 2, 2020 Israel, Greece, Cyprus signed the agreement on launching the process of establishing strategic East-Med gas pipeline lasting about 2000 km (of which about 550 km onshore and about 1550 km marine)