Israeli natural gas revenues boom

With a projected increase in output, Israel will have the opportunity to boost exports to Europe.
The platform of the Leviathan natural gas field in the Mediterranean Sea
The platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal city of Caesarea, on Feb. 24, 2022. - JACK GUEZ/AFP via Getty Images
Doron Peskin.jpg
Doron Peskin

The Israeli government is seeing record income from natural gas sale royalties.

Data released recently by the Royalties Department at the Ministry of Energy shows that in the first half of 2022, a significant jump of about 48% was recorded in the total royalties collected from natural gas. Between January and June 2022, royalties reached NIS 824 million (roughly $250 million), compared to about NIS 557 million ($165 million) during the first half of 2021.

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