Karish gas rig. (Twitter Screenshot)
Israel is opening a new chapter in its race to become an energy powerhouse, launching a major offshore natural gas exploration campaign that could unlock hundreds of billions of cubic meters of undiscovered reserves beneath the Mediterranean.
Energy Minister Eli Cohen announced five new exploration blocks spanning 7,100 square kilometers in Israel’s exclusive economic zone, saying the initiative is designed to boost domestic energy security, attract international investment, and expand exports. The move builds on the success of the Tamar and Leviathan gas fields, which have transformed Israel from an energy importer into a key regional supplier.
Officials say new discoveries could generate hundreds of billions of shekels in future state revenue, help keep electricity prices low, and strengthen Israel’s strategic ties with regional partners through growing energy exports. The announcement comes as Israel advances a record NIS 112 billion natural gas deal with Egypt, further cementing its position as a leading energy player in the Eastern Mediterranean.
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