Gas company Energean said Wednesday that it has begun extracting gas from Israel’s Karish gas field, one day before Israel and Lebanon are set to sign a long-awaited, US-brokered maritime border deal.
The company said in a statement, “Gas is being produced from the Karish Main-02 well and the flow of gas is being steadily ramped up.” It added that gas sales will “commence in the next couple of days.”
The company said that the “Karish Main-01 and Karish Main-03 wells are expected to be opened up in approximately two and four weeks, respectively.”
Commercial gas sales are expected to reach maximum capacity in approximately four to six months following first gas, the company said.
“We have delivered a landmark project that brings competition to the Israeli gas market, enhances security of energy supply in the East Med region and brings affordable and clean energy that will displace coal-fired power generation, making a material impact to the environment,” said Energean CEO Mathios Rigas. READ MORE