JERUSALEM, Feb. 28 (Xinhua) -- Israel's natural gas and oil revenues hit a record of about 1.23 billion new shekels (380 million U.S. dollars) in 2021, said an annual report issued on Monday by the state's Energy Ministry.
This is an increase of about 12.8 percent compared to the previous record of 1.09 billion shekels registered in 2020.
The report includes revenue from royalties from natural gas, oil and minerals, as well as fees, which altogether amounted to 1.27 billion shekels in 2021.
Israel's natural gas revenue came from the gas produced at Leviathan and Tamar fields in the Mediterranean Sea, according to the report.
Thus, a total of 19.5 billion cubic meters (BCM) of natural gas was produced from both fields in 2021, an increase of about 25.1 percent compared to 15.59 BCM in 2020, it added.
The ministry said it expects an increase in total royalties and fees in 2022 to a new record of 1.36 billion shekels. ■