Page 16 - MEOG Week 09

MEOG NEWS IN BRIEF MEOG

Islamist militant group Hamas, which seized U.S. dollars) in 2020, according to an annual both fields in 2020, an increase of 48.5 percent
control of the territory in 2007. report issued on Monday by the country’s compared to about 10.5 BCM in 2019.
Today, Gaza’s sole power station produces Ministry of Energy. According to the report, Israel’s revenues
electricity for around 12 hours a day on diesel, This is a record high figure and an increase from Tamar’s royalties since it started
a more expensive and polluting fuel. of 29.4 percent compared to oil and natural operation in 2013 has reached 1.75 billion
REUTERS gas revenues of 255 million dollars in 2019. dollars.
The report includes revenue from royalties The ministry expects an increase in gas and
Israel’s natural gas, oil from natural gas, oil and minerals, as well as oil royalties in 2021 to a new record of 348
million dollars.
fees, which all together amounted to about
revenues hit record high in 335 million dollars in 2020. about 2.64 million dollars in 2020, down 18.6
In addition, royalties from minerals totaled
Most of Israel’s natural gas revenue came
2020 from the natural gas produced at Tamar and percent from 2019.
Leviathan fields in the Mediterranean Sea.
XINHUA
Israel’s natural gas and oil revenues totaled Thus, a total of 15.59 billion cubic meters
1.09 billion new shekels (about 330 million (BCM) of natural gas was produced from

P16 www. NEWSBASE .com Week 09 03•March•2021