Israel’s electricity sector kept cutting its use of gasoil and fuel oil in the first 11 months of the year and in November marked its first month on record without any fuel oil consumption, the Energy and Water Ministry said Wednesday. The change is due to the sharp rise in natural gas demand by Israel Electric Corp. and private power producers since the start of commercial production at the huge Tamar offshore gas field. According to ministry figures, the power sector consumed 282,000 mt of gasoil over January-November, down 85% from the same period of 2012, and 80,000 mt of fuel oil over the same period, down 92% year on year. In November, the sector consumed 2,000 mt of gasoil and no fuel oil, the ministry said. Israel’s total demand for refined products over January-November fell 24% year on year to 9.224 million mt, […]