Consumption of natural gas in Israel rose 5.6% in the first nine months of 2017.
Price controls were removed on diesel in 1993 and that market has become much more competitive than the gasoline market.
The announcement by the Egyptian energy minister eliminates the possibility of exporting Israeli natural gas to Egypt.
The Energy Ministry has received bids from Energean and an Indian energy consortium for its new round of 24 offshore blocks.
Talks on separating the Palestinian electricity grid from Israel are making progress says the World Bank's Vivien Foster.
The Greek energy company is considering raising money in London to fund development of the Karish and Tanin gas fields, reports "Reuters."
The company owes $3 billion, and has only $358 million in cash and cash equivalents.
Power plants and renewable energy farms are replacing agriculture throughout Israel.