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Israel Prepared for Hit to Offshore Gas Production

(Globes) Dean Shmuel Elmas - Hizbullah targeted Israel's Karish gas production platform this week with a UAV, which was shot down by a C-Dome system on board an Israel Navy Sa'ar 6 corvette. Karish is the only production platform whose output is entirely for the domestic market. Last year, it supplied 34% of local consumption. An all-out war with Hizbullah that leads to the cessation of production from Karish will cause shock waves in Israel's energy market. It will also affect Jordan and Egypt, which rely on gas imports from Israel, since Israel will need to look to other sources for its own needs. If both Karish and Leviathan are put out of action, Israel will have to return to diesel and coal, whose cost will be much higher than natural gas. Israel has taken care to ensure a stock of fuel in case of an extreme situation in which two or more gas reservoirs are out of action, in accordance with pre-set procedures.
2024-08-01 00:00:00
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