The ongoing Israel-Hamas conflict poses a significant threat to the regional natural gas market, potentially impacting key Israeli gas development projects and disrupting gas supply to neighboring countries.
The ongoing conflict between Israel and Hamas, the Palestinian militant group, poses a serious threat to the regional natural gas market and could have knock-on effects on Europe’s liquefied natural gas LNG supply as winter approaches. Although Israel has surplus gas production, which currently supports Egypt and Jordan’s growing demand, a continued or escalated conflict would have wide-ranging implications, according to Rystad Energy analysis.
The Tamar gas reservoir rapidly developed over a period of four years as a response to Egypt's cessation of natural gas supplies to Israel. Tamar currently operates six production wells, with a daily output ranging between 7.1 million and 8.5 million cubic meters per day MMcmd of gas. The project has played a significant role in boosting Israel's energy independence, fulfilling 70% of its electricity generation needs and decreasing its dependence on coal and oil.
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