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Seven years after discovery, the partners in Israel’s 22 tcf Leviathan offshore gas field finally reached a final investment decision in February this year ( MEES, 24 February ).
The field is due to come online in late 2019 and will add some 1.1bn cfd to Israel’s gas output when Phase 1A begins running at full capacity (12bcm).
Tamar, currently the only producing field offshore Israel (see main story), should face competition from Leviathan within the local Israeli market but just how that competition will work is up for debate with Tamar and Leviathan sharing the same key partners US firm Noble Energy and the local Delek Group. (CONTINUED - 454 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Israel’s Potential Gas Output (Mn Cfd)|