Implications of Suspended Production at Israel’s Tamar Gas Field

The impact extends to Egypt, Jordan, and Europe (with 7 charts and a table)

Main Takeaways

• A prolonged conflict will have a heavy toll on Israel’s energy supplies and economy. While importing coal is the only remaining option, it will outrage Israeli climate activists as the goal to phase coal by 2025 may not materialize.

• A decline in Israeli natural gas exports to Egypt means less LNG for Europe.

   

• A decline in natural gas exports to Jordan means an energy crisis in Jordan.

• The conflict eliminated the possibility of building the East Mediterranean gas pipeline to Europe

• The conflict increased the risk and the costs of any future exploratory activities in the East Mediterranean.