ABSTRACT
Natural gas production from the Leviathan field at the end of 2019 will have a substantial impact on Israel’s supply and consumption, much as it will transform the availability of energy in the Eastern Mediterranean region. Leviathan will bring redundancy to Israel’s gas supply. Energy scarce countries, such as, Jordan, which has signed import agreements with Israel, and Turkey, which wants to diversify sources of energy supply, would have an affordable and reliable source of energy within their reach. Israel over successive administrations has continued the development of petroleum industry exclusively private sector investments. The biggest beneficiary of the natural gas ‘revolution’ in Israel has been the electricity sector that has undergone the greatest change in fuel consumption mix. Israel’s gas bonanza has also benefitted its manufacturing sector a great deal gas bonanza is the manufacturing sector. The conversion of the industrial sector to natural gas-based energy use is beneficial to the environment.
