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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.
Lebanon's 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