Page 12 - Mathios Rigas News Today

The company’s latest discovery is seen opening up a much broader play, providing plenty of gas resources to justify further development. [Gas in Transition, Volume 2, Issue 5]

Israel, Egypt and the European Union signed on Wednesday a trilateral natural gas agreement in Cairo as Europe scrambles to cobble together an energy strategy to replace the Russian supplies it has relied on for decades.

Israel hopes that a solution can be found to the maritime border dispute with Lebanon so Energean can start drilling in the Karish field in the third quarter of 2022.

Tensions have been rising between Israel and Lebanon over their disputed maritime border in the gas-rich East Mediterranean.

Lebanons political leadership is threatening Israel, claiming that any Israeli activity in disputed areas offshore could lead to some kind of "action." Lebanon has no conceivable way to really confront Israel, so the threats appear to be giving cover

Israel says that the Karish gas field, which will begin producing gas next quarter, is well protected by its navy.

Is Hezbollah trying to create a casus belli to attack Israel or Israeli gas platforms?

The field remains on track for first production in the third quarter.

Following the crossing of the Suez Canal last Friday, the Energean Power FPSO has arrived on location in Israel and hook-up and commissioning operations are expected to begin immediately. However, Lebanon has warned Israel against any activity in the area as it believes the gas field is located within disputed waters.

The Energean Power FPSO has arrived in Israel on the Karish field, aiming to start production within four months' time.