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Israel energy report

Israel energy report
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Format
3 files (PDF report, 2 Excel files)
Pages
53 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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Overview

Israel is advancing a strategic energy transition, prioritising renewable expansion—particularly solar—and phasing out coal by 2026 while scaling up natural gas for power generation. Regulatory reforms are opening the electricity market to competition, with significant grid upgrades underway to support integration. Ambitious climate targets, including an 85% emissions cut by 2050, underpin policies on efficiency, hydrogen development, and regional energy cooperation.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • Israel aims to achieve 30% of renewables in the country's power mix by 2030 and to eliminate coal from power generation in 2026.
  • IEC dominates power generation (60%) and is the sole company for transmission and distribution.
  • Gas production has nearly tripled since 2019, reaching 25 bcm in 2023.
  • Gas accounts for 71% of the country's power mix.
  • The prices of gasoline rose again in 2024 to US$2/l.
  • Electricity prices have been increasing since 2019.
  • Israel is ramping up efforts in the solar sector, with 1.3 GW of projects under development.
  • It awarded 12 licenses to six companies in 2023 as part of the 4th Offshore Bid Round.
30%
of renewables in the power mix by 2030
27%
reduction in GHG emissions by 2030
88%
of the power mix is based on fossil fuels

  • Energy & Climate Policy Framework

    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

    Gas:

    The Tamar consortium is developing the Tamar gas field, which started production in 2013; it is made up of Isramco Negev (28.75%), Chevron (25%), Delek Drilling (22%), Tamar Petroleum (16.75%), Dor Gas Exploration (4%), and Everest (3.5%). In 2020, Chevron took over Noble Energy' stake. The Tamar consortium has signed a US$23bn contract with IEC for the delivery of 43 bcm for 15 years.

  • Energy Supply & Demand

    Gas:

    Production has accelerated since 2019 and has tripled, reaching 27 bcm in 2024. It increased very rapidly in 2019 from around 3 bcm in 2010 to 8.8 bcm (+12%/year on average).

  • Energy Use and Price by Sector

    Energy Prices in Residential:

    The price of electricity dropped significantly between 2014 and 2016 (by about 11%/year for households). It have increased by 4%/year since 2018, reaching US$17.1c/kWh in 2023. Electricity prices (tax included) for households are three times higher in Israel than in Egypt, but similar to Jordan.

  • Issues & Prospects

    Electricity:

    According to the Electricity Authority, electricity generation is expected to reach 95 TWh in 2030 (+2%/year over 2024-2030). To meet rising demand, the installed capacity should reach 41.7 GW in 2030 (x2 compared to 2020), mainly from renewables (+1.4 GW/year on average between 2024 and 2030) and gas. All coal-fired power plants will be decommissioned or converted to gas by 2030.

  • Graph 1: Primary Consumption Trends by Energy Source
  • Graph 2: Total Consumption Market Share by Energy (2024)
  • Graph 3: Installed Electric Capacity by Source
  • Graph 4: Installed Electric Capacity by Source (2024)
  • Graph 5: Gross Power Production by Source & Consumption
  • Graph 6: Power Generation by Source (2024)
  • Graph 7: Crude Oil Production & Consumption
  • Graph 8: Petroleum Products Production & Consumption
  • Graph 9: Gas Production & Consumption
  • Graph 10: Coal Production & Consumption
  • Graph 11: Emissions of GHG and CO2 from Fuel Combustion
  • Graph 12: Final Demand Trends by Energy Source
  • Graph 13: Final Consumption by Sector
  • Graph 14: Final Consumption Market Share by Sector (2024)
  • Graph 15: Final Consumption in Industry by Energy Source
  • Graph 16: Final Consumption in Transport by Energy Source
  • Graph 17: Energy Prices in Transport (Taxes Included)
  • Graph 18: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 19: Upcoming New Capacity by Energy Source
  • 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.

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).