ISRAEL/PALESTINE

(in Middle East)

CAPITAL: TEL AVIV/JERUSALEM

POPULATION: 8 mm

AREA (on): 21,200 km2

OIL PEAK: 1971

SUPPLY

Israel produced some considerable quantities of oil in 1971 during its occupation of the Sinai Peninsula but this area had been returned to Egypt by 1982 and it has otherwise produced just a small amount of oil onshore from the Negev desert.

In 1999 and 2000 the country made a number of gas discoveries offshore near the Egyptian border and others were made off the Gaza strip in Palestine. Gas production from one of the fields in Israel (Mari) began in 2004 with minor amounts of NGLs and additional output is expected from here and elsewhere.

In 2009 the Tamar gas field was discovered in deep waters west of Haifa and this, along with potential neighbouring finds, may lead to siginificantly increased gas production over the medium term.

 

DEMAND

Oil consumption is increasing slowly and further increases are forecast before dropping after 2016.

Gas consumption began in 2004 and will grow as more offshore gas is brought onstream. The gas is primarily used in electricity generation although a distribution network is also planned. In the long term the country may begin importing gas from Egypt.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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