Israel is the world’s 15th-largest producer of natural gas and the country’s output increased by 18% in 2022, over 2021. The country accounts for 0.51% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Israel in its report, Middle East and North Africa Oil and Gas Upstream Development Trends and Forecast by Project Type, Countries, Terrain and Companies 2022-2026. Buy the report here.
Over the five years to 2022, production from Israel increased by a CAGR of 23% and is expected to rise by a CAGR of 9% between 2023 and 2027.
The largest producers of natural gas in Israel are Chevron, Delek Group and Isramco Negev 2. Chevron was the largest producer of natural gas in 2022 with output up by 15% on 2021.
Delek Group was the second-largest producer, with output up by 6%, and Isramco Negev 2 was third with an increase of 31% on the previous year.
There are three natural gas producing fields in Israel, all located onshore. The Mediterranean Sea has the majority of the natural gas fields in the country with three.
For more detailed analysis of natural gas sector in Israel, buy the report here.