Israel maintains gas output, exports amid renewed attacks: spokesperson

The Israeli government has not restricted domestic natural gas production or exports amid renewed exchanges of fire with Iran, a spokesperson for the country's energy ministry told Platts, part of S&P Global Energy, on June 8.

"As of now, there are no changes" to production or export measures, the spokesperson said. "We are continuing to monitor the situation as it develops."

Israel conducted several strikes in Iran, including on a petrochemical complex, the Israel Defense Forces said June 8. The strikes came after Iran launched missiles into Israel June 7, which followed reports June 6 that Israel had conducted airstrikes in Lebanon.

Iranian officials said later June 8 that Iran was halting the recent spate of attacks against Israel, according to the semi-official Tasnim news agency, which is affiliated with security and military institutions in Iran. Israel has also decided to halt further attacks on Iran, according to the Financial Times, which cited a person briefed on the matter. The FT report has not been independently verified by Platts.

European gas prices rose back above Eur50/megawatt-hour ($58/MWh) in intraday trading early June 8 amid the resurgent hostilities, according to data from the Intercontinental Exchange. The Dutch TTF July 2026 gas contract subsequently subsided slightly and was trading at Eur49.785/MWh as of 1252 GMT, according to ICE data.

European indices had eased from late May as US-Iran negotiations spurred expectations that an agreement could soon de-escalate the ongoing conflict in the Persian Gulf. Those losses have been largely erased in the weeks since.

Major producer

Israel is a major gas producer thanks to the development of three major offshore fields -- Leviathan, Tamar and Karish -- with output expected to rise further from field expansion projects and discoveries in the prolific East Mediterranean.

The government curtailed gas production and exports from its offshore fields following the outbreak of the war in late February, prioritizing supplies for the country's domestic market. The government allowed a full restart of operations in early April.

Israel is a key exporter of pipeline gas to Egypt and Jordan.

According to the most recent full-year data from Israel's energy ministry, gas exports to the two countries totaled 12.4 billion cubic meters in 2025, down from 13.2 Bcm in 2024.

Israel consumed a record 14.4 Bcm of gas last year, up 4% year over year, according to ministry data.