Israel’s dependence on one gas field is due to end by the end of the year, when Noble Energy’s 22tcf Leviathan field comes online. Noble says the project is 81% complete and is on schedule to start-up in the fourth quarter of this year.
It will provide the country with much-needed security of supply after the 11tcf Tamar field, also operated by Noble, was temporarily shut in earlier this week due to the threat of a militant attack (MEES, 10 May). Tamar output averaged 1.07bn cfd in Q1, a seasonal record and only just behind the quarterly record of 1.09bn cfd set in Q3 last year (see chart). (CONTINUED - 640 WORDS)