40%
share of gas in energy consumption (2020)
Israel energy report
This analysis includes a comprehensive Israel energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Update:
February 2022
Format:
2 files (PDF report, Excel file)
Pages:
30 (Report only)
Delivery:
Immediate by e-mail
Price:
890 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 2 files by email (one pdf report and one excel file containing the datasets).
Highlights
- 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.
30%
of renewables in power generation by 2030
X4
gas production since 2012
Abstract
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
Gas:
Production increased very rapidly from 2.5 bcm in 2012 to almost 13 bcm in 2020 (23%/ year on average, 42% of which in 2020). Israel has 3 operational offshore gas fields, the main one is Leviathan with reserves of 600 bcm, which started production at the end of 2019, followed by Tamar (280 bcm, 2013).
Energy Prices
Electricity:
The price of electricity dropped significantly between 2014 and 2016 (by about 11%/year for households and 15%/year for industry) as a result of higher production from natural gas. Since 2016, prices have fluctuated (rising in 2019 but declining in 2020); they averaged US$16.3c/kWh for households and US$8.5c/kWh for industry in 2020.
Energy Consumption
Israel's consumption per capita is 2.3 toe (including around 6 600 kWh of electricity) (2020).
Between 2015 and 2019, consumption has been quite stable at around 22 Mtoe; it decreased by 3% in 2020 to around 21 Mtoe.
The total energy consumption per unit of GDP is decreasing very rapidly (around -3.4%/year since 2010).
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Electricity:
According to the Electricity Authority, electricity generation is expected to reach 97 TWh in 2030 (+2.8%/year over 2017-2030). To meet rising demand, the installed capacity should reach 23.4 GW in 2030 (+3.4 GW compared to 2020), mainly from solar (+400 MW/year on average between 2020 and 2030) and gas.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Israel energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2020 %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2020, %)
- GRAPH 5: Gasoline & diesel prices (US$/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.
The Israel energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Israel country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Israel Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Israel energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
The Israel country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
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