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Netanyahu Highlights Israel's $100 Billion in Offshore Gas Revenue
Prime Minister Benjamin Netanyahu visited the Leviathan gas platform, announcing that Israel expects to extract NIS 400 billion from offshore gas reserves. To date, NIS 32 billion has been transferred to the state, with future revenues projected to exceed NIS 350 billion.
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What happened
- 01Prime Minister Netanyahu stated Israel will extract NIS 400 billion from offshore gas reserves.
- 02NIS 32 billion has already been transferred to the state from gas and oil revenues.
- 03Future projected cumulative revenues from gas are estimated at over NIS 350 billion.
- 04Electricity prices in Israel are over 20% lower than in the EU due to natural gas.
- 05The gas deal with Egypt is expected to yield NIS 58 billion for the state.
- 06Israel is expanding energy infrastructure to meet growing demand from AI and server farms.
The development of these reserves has lowered electricity prices by over 20% compared to the EU, saving families thousands of shekels annually. Israel continues to seek new reserves and expand infrastructure to meet rising energy demands.
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