Israel energy report

• Israel aims to achieve 18% of energy savings and reach 30% of renewables in its power mix in 2030.
• IEC dominates power generation (59%) and is the sole company for transmission and distribution. Noble Energy dominates natural gas exploration and production.
• Production of natural gas has increased very rapidly since 2012 (over 20%/year), reaching 13 bcm in 2020.
• Gas is quickly replacing coal for power generation (67% of the mix in 2020).
• Oil prices follow international price trends, but are much higher than in neighbouring countries.
• In 2020, total energy consumption declined by 3%. The share of gas in the energy mix has increased by 31 points since 2012, at the expense of oil and coal.
• The government plans to develop 4 GW of new gas-fired capacity and to be "coal free" by 2030.

• Institutions & Energy Policy

  The Ministry of Energy supervises the energy sector. It does so through the Natural Gas and Oil Department that regulates the exploitation of oil and gas resources, through the Gas Authority and the Fuel Administration that regulate the transportation and distribution of gas and oil to the markets, and through the "Electricity Authority" for electricity.

• Energy Companies

  Electricity:

  IEC, Israel Electric Corporation is the national electricity utility company (99.85% state-owned).

• Energy Supply

  Resources:

  Israel's proven gas reserves are very large, at a current estimated level of about 547 bcm (end of 2020). The proven oil shale reserves are estimated at 250 mbl of oil (third largest oil shale deposits in the world, after USA and China), i.e. the equivalent of 60 years of consumption. Israel also has a large solar potential.

• Energy Prices

  Oil:

  The prices of gasoline and diesel are close (US$1.66/l and US$1.72/l, respectively, in 2020). Prices follow global trends in oil prices: they decreased significantly between 2013 and 2016 (-11%/year), increased until 2018 (+11%/year), and then declined again until 2020 (-5%/year for gasoline and -4%/year for diesel).

• Energy Consumption

  Israel's consumption per capita is 2.3 toe (including around 6 600 kWh of electricity) (2020).

  Between 2015 and 2019, consumption has been quite stable at around 22 Mtoe; it decreased by 3% in 2020 to around 21 Mtoe.

  The total energy consumption per unit of GDP is decreasing very rapidly (around -3.4%/year since 2010).

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

• Issues & Prospects

  Electricity:

  According to the Electricity Authority, electricity generation is expected to reach 97 TWh in 2030 (+2.8%/year over 2017-2030). To meet rising demand, the installed capacity should reach 23.4 GW in 2030 (+3.4 GW compared to 2020), mainly from solar (+400 MW/year on average between 2020 and 2030) and gas.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Israel energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2020 %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Consumption trends by energy source (Mtoe)
• GRAPH 8: Total consumption market share by energy (2020, %)
• GRAPH 9: Final consumption market share by sector (2020, %)

In the Israel energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.