Israel To Stop Onshore Oil Permits

OilPrice.com | Oct 13, 2021 at 2:30 PM
  • Israel will no longer issue permits for onshore oil exploration, Energy Minister Karine Elharrar said on Wednesday at a committee hearing of the Israeli Parliament, the Jerusalem Post reported.
  • Elharrar, appointed energy minister in the new Israeli government in June, also believes that natural gas – which Israel is producing offshore and exporting to some countries in the Middle East and the Mediterranean – is only a temporary solution to energy demand.
  • Israel has bet big on the largest gas field offshore the country, the Leviathan gas field, the biggest energy project in Israel ever.