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Israel weathers energy shock from Iran war even as world battles crisis
Israel relies on the Tamar gas field for 70% of its electricity amid regional export cuts and missile threats, suspending other offshore operations to protect energy security.
- Amid the ongoing conflict with Iran, Israel has rejected formal requests from Amman and Cairo to resume gas exports, prioritizing domestic energy security over regional supply commitments.
- At the war's outbreak, Israel ordered energy giants Chevron and Energean to suspend operations at the Leviathan and Karish fields as a precaution against missile strikes, though Tamar remains operational.
- The Tamar field produces roughly 11 billion cubic metres of gas annually, covering nearly all domestic consumption, and accounts for 70 percent of Israel's electricity generation and 45 percent of total energy supply.
- For neighboring Jordan and Egypt, the shutdowns cut off Leviathan exports; Egypt imposed 9 pm curfews this month to curb energy use, while Israel reactivated coal-fired plants and diesel generation to compensate.
- While oil supply remains resilient by bypassing the Strait of Hormuz, domestic consumers face rising costs, with petrol hitting eight shekels a litre and electricity tariffs set to increase when the Electricity Authority revises rates in June.
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The country has vast reserves of natural gas at sea that have radically changed its energy equation.
·Montreal, Canada
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Coverage Details
Total News Sources16
Leaning Left3Leaning Right4Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 21%
C 50%
R 29%
Factuality
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