Netanyahu Tours Leviathan Gas Platform, Highlights National Revenue
Translated & summarized from Now 14 by baba
Prime Minister Benjamin Netanyahu and Energy Minister Eli Cohen visited the Leviathan gas platform, announcing that the state treasury expects to receive NIS 400 billion from gas extraction. Netanyahu highlighted that Israeli electricity prices are over 20% lower than in the EU. The visit comes as Israel seeks to boost energy infrastructure, partly for AI server farms, and follows a temporary shutdown of the platform in June 2025.
The story in 5 lines · by baba
- Prime Minister Netanyahu announced NIS 400 billion in expected revenue from gas extraction.
- Electricity prices in Israel are more than 20% lower than in the European Union.
- Israel anticipates NIS 58 billion from a NIS 112 billion gas export deal with Egypt.
- The Leviathan gas field was temporarily closed in June 2025 due to security concerns.
- Israel is exploring new gas reserves to meet rising demand from AI server farms.
Prime Minister Benjamin Netanyahu and Minister of Energy and Infrastructure Eli Cohen visited the Leviathan gas platform on Thursday, emphasizing the significant revenue generated by Israel's natural gas resources. Netanyahu stated that the country is extracting NIS 400 billion for the state treasury from the sea and highlighted that electricity prices in Israel are among the lowest in developed nations, more than 20% lower than in the European Union.
According to the Prime Minister's office, natural gas has become a strategic national asset due to Netanyahu's insistence and leadership. To date, approximately NIS 32 billion has been transferred to the state treasury from gas revenues, with cumulative income from the gas and oil sector expected to exceed NIS 350 billion. The office also noted that using natural gas for electricity generation saves families thousands of shekels annually.
A notable aspect of the gas sector's contribution is the export agreement with Egypt, valued at approximately NIS 112 billion, from which about NIS 58 billion is projected to reach the state treasury. Netanyahu approved the export deal from the Leviathan field, worth $35 billion, in December 2025.
Israel is also actively working to discover additional gas reserves and strengthen energy infrastructure, partly to meet the growing electricity demand from artificial intelligence server farms. During the visit, Netanyahu and Cohen received a briefing on the platform's defense efforts from the commander of the Navy's Haifa base. The Leviathan field was temporarily shut down in June 2025 at the start of the conflict with Iran due to concerns of an attack, resuming operations about two weeks later after a ceasefire took effect.
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