Israel’s natural gas production surged 22% in the first half of the year, as the government plans to ramp up exports that will make their way to Europe, where the worst energy crisis in decades is under way. Production rose to 10.85 billion cubic meters year-on-year through June, with exports amounting to around 42% of the total, according to the energy ministry. Much of the increase is due to production from the Tamar and Leviathan reservoirs in the eastern Mediterranean. Royalties from gas, minerals and fees rose roughly 50% to reach 829 million shekels ($253 million), almost all of which was from gas. Israel is ramping up output as European nations scour the globe for natural gas, with energy prices on the continent at record levels. The European Union is turning away from key supplier Russia following the country’s invasion of Ukraine, while Moscow has also curbed shipments, leaving […]