Energean ties up further gas sales from offshore Israel fields

Energean Oil & Gas has secured further gas sales and purchase agreements for its Karish and Tanin field development offshore Israel.

Offshore staff

ATHENS, GreeceEnergean Oil & Gas has secured further gas sales and purchase agreements (GSPAs) for its Karish and Tanin field development offshore Israel.

It has signed GSPAs totalling up to 2.6 bcm/yr with an Israeli industrial group comprising Israel Chemicals, Bazan Oil Refineries, and independent power producer OPC.

Rapac Group, which is focused on telecomms, government and energy infrastructure in Israel, has also contracted up to 0.3 bcm.

These agreements, along with those signed earlier this year with Dalia Group, Dorad Group and Edeltech Group, bring the annual total committed purchase volume from the two fields to more than 4 bcm.

Energean now targets a final investment decision in early 2018.

12/07/2017

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