Related Articles
Forward article link
Share PDF with colleagues

Israel tries to rejuvenate its gas-export plans

New upstream terms will perk up interest in the upstream, thinks the government. But has Israel missed its chance?

After years debating quite what to do with its huge offshore gas wealth, Israel wants to begin a new phase of upstream development, and thinks it can become a pivotal exporter to regional and European markets. In August, Israel launched its first offshore licensing round, offering 24 blocks in the eastern Mediterranean’s Levant basin. The blocks vary in size, up to 400 square km, and sit in water depths of 1,500-1,800 metres. The bidding will close at the end of March 2017. “Over the next few months we’re going to offer our economic water for new exploration and discoveries,” Yuval Steinitz, Israel’s energy minister, tells Petroleum Economist. And he has big plans: “In a few years the Nort

Also in this section
North Sea oil's rock hoppers
19 January 2018
Shell is happy to give the Penguins project a helping hand
Latest licensing rounds
19 January 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Guyana—at the frontier
19 January 2018
ExxonMobil and its partner are racing ahead with their major Liza discovery in Guyana, at Latin America's exploration frontier. Others are struggling to replicate the success