Israel's Economy
Israel's Offshore Gas
How discoveries of the Tamar and Leviathan gas fields around 2009-10 made Israel energy-independent in gas and an exporter to Egypt and Jordan.
Israel found large gas fields offshore.
Discoveries
- Tamar in 2009.
- Leviathan in 2010.
Effects
- Gas replaced coal in power generation.
- Israel exports gas to Egypt and Jordan.
Sovereign fund
A sovereign wealth fund was set up to save some gas revenue.
Sheshinski Committee
A 2011 committee raised taxes on gas profits.
Conflict risks
Platforms faced temporary shutdowns during the 2023 war.
The power switch
Israel's power plants switched from coal to gas, cutting air pollution.
Thinking Israel has no natural resources
It found large gas fields.
Key takeaways
- Tamar and Leviathan were found in 2009-10.
- Gas replaced coal.
- Israel exports to Egypt and Jordan.
- A sovereign fund saves revenue.
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