Report: Energean finds buyers for Tanin, Karish gas (Israel)

Greece’s oil and gas company Energean has reportedly signed gas sale deals for its Karish and Tanin gas field offshore Israel.

According to a statement cited by Reuters and Bloomberg, Energean will supply 23 bcm of natural gas to Israeli power stations operated by Dalia Power and Or Power.

Offshore Energy Today has reached out to Energean seeking confirmation and more details. The company has yet to respond.

Energean is the operator of and holds a 100% interest in the Karish and Tanin licenses located in the Mediterranean Sea, offshore Israel. It acquired the fields from Delek Group in December 2016, for a consideration of $40 million as well as $108.5 million in contingent payments.

The fields contain at least 2.4 Tcf of gas contingent resources and will be developed through an FPSO, which will be the first to be installed and operated in the East Mediterranean.

The gas produced from the fields will supply Israel’s growing domestic gas market, with first gas expected in 2020. The final investment decision for the project is expected to be made by the of 2017.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply