Business Monitor International


Israel Oil & Gas Report

Published 16 December 2014

  • 83 pages
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$1,295.00
Israel Oil & Gas Report

BMI View: Gas production from the Tamar field has made Israel self-sufficient in natural gas supplies and the country is now advancing major gas export plans. Expansions at the Tamar field will lead exports from 2016, while start up at the Leviathan field will significantly boost production from 2018.

Headline Forecasts (Israel 2012-2018)
2012 2013 2014f 2015f 2016f 2017f 2018f
Crude, NGPL & other liquids prod, 000b/d 0.5 0.5 1.6 1.7 2.0 2.0 2.8
Dry natural gas production, bcm 2.5 6.2 8.5 9.1 11.6 13.3 20.1
Dry natural gas consumption, bcm 3.7 6.2 8.5 9.1 10.0 10.0 11.2
Refined products production & ethanol, 000b/d 278.4 278.4 278.4 278.4 278.4 278.4 278.4
Refined products consumption & ethanol, 000b/d 297.6 256.0 245.8 238.9 230.8 224.6 220.4
e/f = BMI estimate/forecast. Source: EIA, BMI

Click here to explore data

We highlight the following trends and developments in Israel's oil and gas sector:

  • Israel's finance ministry has approved a taxation model for natural gas exports, a key development in the country's hydrocarbon future. The tax is to take a netback model and will include an additional mechanism guaranteeing the price of exported gas is not lower than the average price in the Israeli domestic market.

  • The Tamar Partners are installing a gas compression unit at the Ashdod receiving terminal in order to boost supplies from the Tamar field. Construction is over 30% complete with start up targeted for early 2016.

  • In May 2014, Union Fenosa Gas and the Tamar Partners signed a letter of intent for a 15-year 70bcm supply contract for the Damietta LNG terminal. In September, Delek announced its Tamar expansion plan, which would support pipeline exports to Egypt from 2017.

  • A similar project is being mulled to connect the Leviathan field with Egypt's other LNG plant at Idku. While talks are less progressed,...

Table of Contents

BMI Industry View
7
Table: Headline Forecasts (Israel 2012-2018)
7
SWOT
9
Oil & Gas SWOT
9
Industry Forecast
11
Upstream Exploration
11
Table: Proven Oil and Gas Reserves (Israel 2012-2017)
11
Table: Proven Oil and Gas Reserves (Israel 2018-2023)
11
Upstream Projects
14
Table: Key Upstream Projects In Israel
14
Upstream Production - Oil
15
Table: Oil Production (Israel 2012-2017)
15
Table: Oil Production (Israel 2018-2023)
16
Upstream Production - Gas
18
Table: Gas Production (Israel 2012-2017)
18
Table: Gas Production (Israel 2018-2023)
18
Refining
21
Table: Refining Capacity and Refined Products Production (Israel 2012-2017)
21
Table: Refining Capacity and Refined Products Production (Israel 2018-2023)
21
Refined Fuel Consumption
23
Table: Refined Products Consumption* (Israel 2012-2017)
23
Table: Refined Products Consumption* (Israel 2018-2023)
23
Gas Consumption
25
Table: Gas Consumption (Israel 2012-2017)
25
Table: Gas Consumption (Israel 2018-2023)
25
Trade - Oil
27
Table: Crude Oil Net Exports (Israel 2012-2017)
27
Table: Crude Oil Net Exports (Israel 2018-2023)
27
Table: Refined Fuels Net Exports (Israel 2012-2017)
29
Table: Refined Fuels Net Exports (Israel 2018-2023)
29
Table: Total Net Oil Exports - Crude and Products (Israel 2012-2017)
30
Table: Total Net Oil Exports - Crude and Products (Israel 2018-2023)
31
Trade - Gas (Pipeline and LNG)
32
Table: Gas Net Exports (Israel 2012-2017)
32
Table: Gas Net Exports (Israel 2018-2023)
32
Industry Risk Reward Ratings
36
Middle East - Risk/Reward Ratings
36
Table: BMI's Middle East Oil & Gas Risk/Reward Ratings (RRRs)
36
Outperforming The World Upstream
37
Table: Middle East Upstream Oil & Gas Risk/Reward Rating
37
Limited Opportunities Downstream
41
Table: Middle East Downstream Oil & Gas Risk/Reward Rating
41
Israel - Risk/Reward Ratings
43
Market Overview
45
Israel Energy Market Overview
45
Overview/State Role
45
Table: Noble And Delek Dominate Israeli Oil Fields
46
Government Policy
46
International Energy Relations
47
Oil And Gas Infrastructure
49
Oil Refineries
49
Table: Israel - Refineries
49
Oil Pipelines
49
Gas Storage
50
Competitive Landscape
53
Table: Key Players - Israeli Oil And Gas Sector
54
Table: Key Downstream Players
54
Company Profile
55
Noble Energy
55
Other Summaries
60
Regional Overview
67
Industry Forecast
67
Middle East Oil Production - Strong Growth But Risks Remain
67
Middle East Oil Consumption - Subsidies Fuelling Demand
69
Middle East Refining Capacity - A Bullish Outlook
70
Middle East Gas Production - A Growing Domestic Priority
71
Middle East Gas Consumption - Demand Growth Outstripping Production
72
Global Industry Overview
74
Global Energy Market Overview
74
Appendix
80
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
80
Table: Energy Price Forecasts, 2012-2017
80
Table: Energy Price Forecasts, 2018-2023
81
Middle East - Regional Appendix
83
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
83
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
83
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
84
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
85
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
85
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
86
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
86
Table: Gas Consumption, 2015-2023 (bcm)
87
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
87
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
88
Table: Net LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
88
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
89
Israel - Total Hydrocarbons, 10-year Forecasts
90
Table: Total Hydrocarbons Production, Consumption and Net Exports (Israel 2012-2017)
90
Table: Total Hydrocarbons Production, Consumption and Net Exports (Israel 2018-2023)
90
Israel - Refined Products Breakdown, 10-year Forecasts
91
Table: Refined Petroleum Products, Production Breakdown (Israel 2012-2017)
91
Table: Refined Petroleum Products, Production Breakdown (Israel 2018-2023)
92
Table: Refined Petroleum Products, Consumption Breakdown (Israel 2012-2017)
93
Table: Refined Petroleum Products, Consumption Breakdown (Israel 2018-2023)
94
Table: Refined Petroleum Products, Net Exports Breakdown (Israel 2012-2017)
95
Table: Refined Petroleum Products, Net Exports Breakdown (Israel 2018-2023)
96
Glossary
98
Table: Glossary Of Terms
98
Methodology
100
Industry Forecast Methodology
100
Source
102
Risk/Reward Ratings Methodology
102
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
104
Table: Weighting
105

The Israel Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Israel including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Israel Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Israeli oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Israel to test consensus views - a key input for successful budgeting and strategic business planning in the Israeli oil and gas market.
  • Target business opportunities and risks in the Israeli oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Israel.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Business Environment Rankings

BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.

The rankings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

Oil Market Outlook and Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Pricing: Oil price (US$/bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene - US$/bbl) at global hubs

Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm), production and consumption (bcm)

Imports and Exports: Oil exports/imports (`000b/d), value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm), Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)

BMI Macroeconomic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses by US$ sales, % share of total sales, number of employees, year established, ownership structure, oil production ('000b/d), gas production (bcm), downstream capacity ('000b/d) and % market share.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc