Up until end-2019 Israel was dependent on one producing gas field, 11tcf Tamar. But that changed once the 22tcf Leviathan field came online on 31 December (MEES, 3 January). Greek firm Energean’s smaller Karish field is also due to come online in 1H 2021, adding to the competition.
But whilst Karish has been able to secure a market by undercutting Leviathan and Tamar on price, the smaller partners at Tamar have been left frustrated that US firm Noble Energy, operator at both fields, and its partner Israel’s Delek, have prioritized Leviathan sales. (CONTINUED - 662 WORDS)
