Israel's Gas Royalties Expected to Reach 2 Billion Shekels in 2025

The Israeli Ministry of Energy and Infrastructure reported that state revenues from natural resource royalties totaled approximately 1.98 billion shekels in the past year, with about 1.96 billion shekels coming specifically from natural gas royalties. This brings the cumulative collection since 2004 to over 17 billion shekels, excluding taxes and levies. The Leviathan gas field was the largest contributor, generating around 833 million shekels, followed by Tamar with approximately 675 million shekels, and Karish with about 433 million shekels.

Despite these figures, the ministry noted a decline compared to the previous year. This drop was attributed to the depreciation of the US dollar, a global fall in oil prices, and a roughly 3% decrease in production caused by Operation Breaking Dawn and ongoing upgrade work at the gas fields. The ministry anticipates that revenues from gas royalties will reach around 2 billion shekels in 2025, reflecting the sector's continued importance to state income.