Israeli economy boosted by gas revenues from new offshore ...Kuwait

News by : (The New Arab) -
Israel's minister of energy is looking to increase in the near future natural gas exports as reserves levels from the discoveries of new offshore fields rise by 40 per cent.  In 2022, energy companies in Israel produced 21.29 billion cubic meters (bcm) of natural gas, with just 9.21 bcm of it exported. The exports went to Egypt and Jordan. Total gas reserves in 2022 were estimated at 1,087 bcm.  Now Israel wants to double gas production in the coming years and link with new markets, including Europe, which is looking for new energy sources. And the energy ministry this month auctioned off four exploration zones to groups that include nine companies, five of which were

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