Page 10 - Mathios Rigas News Today

Investegate announcements from Energean PLC, First Gas from Karish

Energean said initial annual capacity is up to 6.5 BCM and commercial gas sales are expected to reach this level four to six months following first gas.

Hezbollah had warned that Israel would be crossing a "red line" if it extracted gas before a deal is officially signed.

Energean has reached first gas from its Karish gas field, offshore Israel, reaching infrastructure capacity in late 2023.

'I am delighted to confirm Energean reached first gas at Karish field, offshore Israel,' says the drilling oil and gas company, one day before Israel is set to sign a U.S.-brokered deal with Beirut

Offshore field is Israel's third to come online, with Energean saying production 'is being steadily ramped up,' will reach peak in 4-6 months

I am delighted to confirm that Energean has reached first gas at the Karish field, offshore Israel - Click the link for more details.

Despite threats from Hezbollah, testing procedures have commenced for the flow of gas between the Israeli shore and Karish.

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Energean CEO Mathios Rigas told investors September 20 was the likely date for gas to start to flow.