News // News worldwide
Greece’s Energean to spend up to $1.5 bln on Israeli offshore gas project
11 January 2017 , 18:03Neftegaz.RU506
Energean Oil & Gas plans to build its own production system in the Eastern Mediterranean at a cost of up to $1.5 billion to tap 2 offshore Israeli gas fields.
The company is Greece’s only oil producer.
It is also looking to bring a financial partner into the project to develop the Tanin and Karish fields which are situated in deep waters around 100km off Israel’s coast.
They have combined gas reserves estimated at around 2.4 trillion cubic feet.
Israel has determined that gas from Tanin and Karish must be sold domestically.
16:11 23.02.2017Azerbaijan eyes more Balkan gas clients
16:06 21.02.2017Swiss Allseas to build Turkish Stream's 2nd offshore line
14:50 20.02.2017KCA Deutag secures platform drilling contract with Sakhalin Energy Investment Company Ltd
14:10 15.02.2017South Stream project will be carried out, Russian official says