Israel’s pure fuel exports rose to 13.2 billion cubic meters (BCM) in 2024, up from 11.6 BCM in 2023, Israel’s Pure Gasoline Authority has reported. This improve continues the dramatic upward pattern of current years, since manufacturing started from the offshore Leviathan fuel subject in December 2019, and from the Karish fuel subject in October 2022. Since 2021, fuel exports from Israel have elevated by 86%. Which means 49% of Israel’s fuel manufacturing is presently exported, whereas 51% stays for home consumption.
Israel’s fuel exports primarily attain Egypt, by way of the EMG pipeline and the fuel transmission system in Jordan. In whole, Egypt buys 10 BCM of fuel from Israel per 12 months. Jordan itself buys 3.1 BCM of fuel from Israel. In line with the Pure Gasoline Authority’s forecasts, fuel demand in Jordan and much more so in Egypt is predicted to develop considerably within the coming years, which implies that their dependence on Israeli fuel will stay excessive. Between 2021 and 2024, Israeli pure fuel exports to Egypt greater than doubled.
Extreme exports will go away Israel with out ample fuel reserves
The dimensions of exports imply giant earnings for each the vitality firms and the Ministry of Finance, via the royalties they pay and thru the surplus earnings tax that goes to the Israeli Residents Fund (sovereign wealth fund). However, there’s concern that extreme exports will go away Israel with out ample fuel reserves for the approaching years. This situation was mentioned at size by the Dayan Committee on pure fuel coverage, the place important variations of opinion emerged between the Ministry of Power and Infrastructure (which helps the continuation of the present export coverage) and the Ministry of Finance (which is occupied with increasing the necessity to protect fuel for the home financial system).
Within the home market, about 80% of the fuel in Israel is used for electrical energy, and the remaining for industrial use. In recent times, Israel Pure Gasoline Traces has been increasing its fuel distribution community in Israel, and presently has a cumulative size of 729 kilometers of fuel pipelines, in comparison with 662 kilometers final 12 months and 414 kilometers in 2020. Israel Pure Gasoline Traces operates with the assistance of outsourcing to native firms that join fuel vegetation, however within the Jerusalem space, the corporate reclaimed the native operator’s pipelines after it failed to attach sufficient prospects.
The worth of fuel in Israel is taken into account significantly steady, and has been round $4.5 per thermal unit repeatedly because the begin of 2022. That is uncommon in comparison with the unstable costs in Europe, which on the finish of 2024 was $14.2 per thermal unit. However the value in Israel is increased than within the US, which can be thought-about steady as a consequence of in depth native manufacturing, and is presently $3 per thermal unit. The comparatively steady and low fuel value in Israel helps hold electrical energy costs low in contrast with Europe, regardless of the various prices and delays in electrical energy manufacturing and distribution.
Printed by Globes, Israel enterprise information – en.globes.co.il – on Might 29, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
