Huge gas deposits were discovered in the past 15 years off Israel's Mediterranean coast, but the government, in order to ensure the local market has enough in the future, set limits on how much can be sold abroad.
The issue has been hotly debated for years and was reignited last month when Israel's budget director warned that the country risked exporting too much,In 2022, energy companies in Israel produced 21.29 billion cubic meters of natural gas, with just 9.21 bcm of it exported. The exports went to Egypt and Jordan.It wants to double gas production in the coming years and link with new markets, including Europe, which is looking for new energy sources.
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