Tamar gas field partners agree on expansion to boost production
Chevron, along with its partners, have agreed on a $24m investment to boost natural gas production at the Tamar gas field offshore Israel.
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Chevron, along with its partners, have agreed on a $24m investment to boost natural gas production at the Tamar gas field offshore Israel.
The decision by Chevron and the other partners in the gas reservoir comes six months after then energy minister Israel Katz approved greater exports to Egypt.
Environmental experts, however, say that doing so is “out of sync” with global aims to reduce greenhouse gas emissions in the face of global boiling.
Encouraged by the Abraham Accords, Egypt's President Abdel Fattah Al-Sisi has taken a strategic decision to deepen ties with Israel.