Dr. Amit Mor

24 Pages·2012·5.58 MB·English

Strategic dilemmas in the
ddeevveellooppmmeenntt ooff IIssrraaeell’’ss ggaass iinndduussttrryy
Presented by Dr. Amit Mor and Shimon Seroussi
Hydrocarbons Exploration & Production in the
East Mediterranean and the Adriatic Sea,
IENE, Athens, April 26-27, 2012
Eco Energy Ltd., Ackerstein B u i l d i n g , 1ע03 Medinat Hayehudim St., POBox 4079, Herzliya Pituach 46140, Israel
Tel. [phone]; Fax. [phone]; email. [email protected]
Israel
country facts (2011)
• Area – 22,000 sq km
• Population – 7.9 million
•• GGDDPP –– $$223300 bbiilllliioonn
• GDP/capita - $30,000
• GDP growth rate – 4.5%
(2011)
• Investment in R&D – 4.2% of
GDP
– the highest rate in the world
• Energy consumption – 24 MTOE
• Installed power capacity – 14 GW
Electricity demand forecast by type of fuel 2003-2025
No Egyptian gas scenario 2011-2013, Million Kwh
100000
Power generation is shifting quickly from coal and oil to natural gas
(from 0 in 2003 to 70% in 2020)
90000
80000
70000
hh 60000
WW
KK
n n 50000
oo
ii
ll
ll
ii
MM 40000
30000
20000
10000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Source: Eco Energy Ltd.
Coal Natural gas Heavy fuel oil Gasoil Renewables
Demand for natural gas is increasing sharply. Shortage is
expected in 2012-2013 due to disruptions in Egyptian gas
supply and the depletion of the domestic Mary B field.
Gas supply will be accelerated in 2014 with the
commissioning of the Tamar field.
Source: Eco Energy Ltd.
USGS REPORT 2010
LEVANT BASIN
UNDISCOVERED RESERVES
122 Tcf Natural Gas

+ 1.7 Billion barrels Oil
= 716 Billion $
Royalties: 12.5 %
State Take: 35 - 40%

EExxpplloorraattiioonn rriigghhttss mmaapp
>6500 m Pg = 10%
TTaammaarr:: 33 DD iimmaaggiinngg
Tamar PW-3
Tamar PW-4
Tamar 2
Tamar 1
Tamar PW-5
Discovered by Noble Energy, 2009n