Middle East · ISR
Israel
Leviathan and Tamar turned a fuel-oil island into an East-Med exporter.
Oil production
0.0 mb/d
0.2 mb/d demand
Net oil
-0.2 mb/d
Near balance
Gas production
22 bcm
Net +10 bcm
O&G rent
0.8%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.2 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production22 bcm
Consumption12 bcm
Proven oil
0 bn bbl
Gas reserves
0.5 tcm
Refining
0.3 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil36%
- Gas64%
Economy
Gas-to-power retired coal. Export pipes to Egypt and Jordan are the diplomatic molecule.
- GDP
- $0.5 tn
- Population
- 9.8 m
- Oil intensity
- 0.2 bbl /$1k
- Oil & gas rent
- 0.8% GDP
- Hydrocarbon trade
- 1.1% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -4.9 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.3 mb/d (net -0.3) versus NZE 0.1 mb/d (net -0.1).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.2 | 0.3 | 0.3 | 0.3 |
| Net Zero 2050 | 0.2 | 0.2 | 0.1 | 0.1 |
| Current Policies | 0.2 | 0.3 | 0.3 | 0.3 |