Within the third quarter of the year, natural gas production from Israel's Karish field is expected to start, Energean announced.
According to a statement from the company, the connection of the Karish field to the operator's INGL (Israel Natural Gas Line) gas transmission system at Energean's station on the Dor coast has been completed. This is the joining of two transmission pipelines with a diameter of 30 inches to transport the gas through INGL's national system, after it was brought in by a 90-kilometer subsea pipeline coming from Energean Power, the first FPSO in the history of the Eastern Mediterranean, which will pump the gas from the Karish offshore field.
The development was welcomed in a statement by Mathios Rigas, CEO of Energean Group, who said it was another important development that brings the company closer to the start of gas production in the Eastern Mediterranean. The start of production from the Karish field is set for the third quarter of the year and Energean has already signed contracts for the allocation of 7.2 billion cubic meters of gas out of the 8 billion cubic meters. At the same time, it is reported that the drillship Stena IceMAX has left Las Palmas for Israel, where around mid-March Energean's new drilling programme will begin, with between 3 and 5 wells to be drilled, starting with the Athena well in Block 12 in Israel.
At the same time, it is reported that the drillship Stena IceMAX has left Las Palmas for Israel, where around mid-March Energean's new drilling programme will commence, with between 3 and 5 wells to be drilled, starting with the Athena well in Block 12 in Israel. The company is aiming to discover up to 110 billion cubic meters of oil and gas. cubic meters of natural gas and, if successful, these will be quantities that can be exported to markets in the region.
Recently, Energean signed a Memorandum of Understanding (MoU) with EGAS of Egypt to export from Israel to Egypt up to 2 billion cubic meters of natural gas. cubic metres of natural gas per year. These quantities will be able to be either consumed in Egypt or exported to European markets, either through liquefaction at Egypt's existing terminals or through other infrastructure that may be established.
Source: CNA
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