Energean signs more natgas supply deals with Israeli firms
TEL AVIV (Reuters) — Greek energy firm Energean Oil & Gas said on Thursday it has signed additional agreements for the supply of natural gas from the Karish and Tanin fields off Israel’s coast with subsidiaries of the Israel Corp conglomerate.
|Photo courtesy of Energean.
Agreements for the supply of up to 2.6 Bcm of natural gas annually were signed with Israel Chemicals, Oil Refineries and the independent power producer OPC.
ICL said separately that Energean would supply it with up to 13 Bcm of gas for up to $1.9 B over 15 yr.
In addition, an agreement for up to 0.3 Bcm was signed with energy and infrastructure focused Rapac Group.
The new agreements, together with those already signed with Dalia Group, Dorad Group and Edeltech Group, bring the annual total committed purchase volume to more than 4 Bcm/yr of natural gas from Karish and Tanin.
“In just one year since the Israeli government granted its approval for the acquisition of the Karish and Tanin fields, Energean has succeeded in securing its targeted gas supply volume to help de-risk the project,” CEO Mathios Rigas said.
Reporting by Tova Cohen
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.
GasPro 2.0: A Webcast Symposium
The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.
October 25, 2018 08:30 AM CDT