Israel's natural gas, oil revenues reach 270 mln USD in H1: report-Xinhua

Israel's natural gas, oil revenues reach 270 mln USD in H1: report

Source: Xinhua

Editor: huaxia

2023-08-29 23:43:15

JERUSALEM, Aug. 29 (Xinhua) -- Israel's natural gas and oil revenues totaled 1.007 billion shekels (about 270 million U.S. dollars) in the first half (H1) of 2023, according to a report issued by the country's Ministry of Energy and Infrastructure on Tuesday.

The report noted that this is a 22.8-percent year-on-year rise compared to a revenue of 820 million shekels in January-June last year.

Israel's natural gas revenues came from the gas produced at Tamar, Leviathan, and Karish fields in the Mediterranean Sea off the northern coast of Israel.

According to the report, total production from the three gas fields reached 12.32 billion cubic meters (BCM) in H1, an increase of 13.5 percent from 10.85 BCM in the same period last year, and also the highest-ever half-year volume.

Out of the total natural gas produced from the three fields in the first half, 6.26 BCM were directed for the domestic economy and about 6.06 BCM for export to neighboring countries like Egypt and Jordan.