Israel-focused Greek independent Energean on 21 November signed a 15-year deal to supply “approximately 0.5bcm/y or up to 8bcm over the term of the contract” from its Karish field, to the 583MW Alon Tavor power plant, 50km southeast of Haifa. The new deal increases Energean’s sales deals from Karish to a total 85bcm with contracts ranging from 14 to 20 years, averaging just over 500mn cfd. The deal comes just days after the Greek firm announced a reserves upgrade to 3.3tcf, following successful appraisal drilling at its Karish North target (MEES, 8 November).
Energean says “supply will commence at Karish first gas” which is expected in 1Q 2021 (MEES, 19 April). (CONTINUED - 153 WORDS)