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Israel energy report

Israel energy report
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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 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.


  • Israel aims to achieve 40% of renewables in the country's power mix by 2030 and to eliminate coal from power generation by 2025.
  • IEC dominates power generation (54%) and is the sole company for transmission and distribution.
  • Energean discovered the Katlan gas field in 2023, estimated to hold 68 bcm of natural gas.
  • Gas production has more than doubled over 2019-2022, reaching 22 bcm.
  • Thermal accounts for 77% of the country's power capacity, with gas dominating by far.
  • Gasoline and diesel prices peaked in 2022 and both fell by 9% in 2023.
  • Total energy consumption increased by 4.5% and final consumption by 3.6% in 2022.
  • Israel is ramping up efforts in the solar sector, with 1.2 GW of projects under development.
  • Israel awarded 12 licenses to six companies in October 2023 as part of the 4th Offshore Bid Round for Natural Gas Exploration in Israel's Exclusive Economic Zone.
of renewables in the power mix by 2030
reduction in GHG emissions by 2030
of the power mix is based on thermal fuel
  • Institutions & Energy Policy

    The Ministry of Energy and Infrastructure 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 and Gas Administration that regulate the transportation and distribution of gas and oil to the markets, and through the "Electricity Authority" for electricity.

  • Energy Companies


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

  • Energy Supply


    Oil production is limited (307 kt). Crude oil imports increased by 9% between 2020 (12.3 Mt) and 2022 (13.4 Mt).

    The country has 2 refineries: Haifa (196 kb/d) and Ashdod (100 kb/d). Oil Refineries commissioned a new hydrocracking unit of 25 kb/d at its Haifa refinery in 2013 to produce cooking gas, naphtha, kerosene, and high-quality diesel.

  • Energy Prices


    The prices of gasoline and diesel are close (US$1.94/l and US$2.13/l, respectively, in 2023) and follow global crude oil price trends. Gasoline and diesel prices peaked in 2021 and both fell by 9% in 2022.

  • Energy Consumption

    Israel's consumption per capita is 2.5 toe (i.e., 20% less than the Middle East average), including around 6 680 kWh of electricity (65% above the regional average) (2022).

    Primary energy consumption has been rising since 2019, including +3.5% in 2020 and +4.2% in 2022, when it reached 24 Mtoe. Between 2015 and 2019, consumption was quite stable at around 22 Mtoe.

  • Issues & Prospects


    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.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022 %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022 %)
  • GRAPH 9: Final consumption market share by sector (2022, %)
  • 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 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).