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.
The Ministry of Energy announced on June 23, 2020 the launching of its 3rd Offshore Bid Round (OBR3) for natural gas and oil exploration offshore Israel.
On January 16, 2020 the Energy Ministers of Israel, Egypt, Italy, Greece, Cyprus, Jordan, and the PA (Palestinian Authority) approved the transformation of the The East Mediterranean Gas Forum into a regional organization.
A joint statement issued on January 15, 2020 by the Israeli and Egyptian Energy Ministers about the beginning of the flow of natural gas from Leviathan and Tamar natural gas reservoirs to Egypt.
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)