Israel begins to extract gas from the disputed area with Lebanon
Energean has begun testing pipes at the Karish offshore gas field in the eastern Mediterranean and in Israel, which claims ownership of the field, although neighboring Lebanon disputes it.
According to Israel, Karish is located in its territorial waters. According to Lebanon, however, it is part of a triangle of disputed waters because the two sides are unable to agree on exactly where the border passes. Here is an image to explain the situation
As Reuters wrote in an article earlier this year, “Israel claims the border runs farther north than Lebanon accepts, while Lebanon claims it runs farther south than Israel accepts, leaving a triangle of waters. disputes ".
As the dispute drags on, Energean, which has been awarded the exploitation rights of Karish, said that "following the approval received by the Israeli Ministry of Energy to initiate some test procedures, the flow of gas from the mainland to the FPSO, ”reported The National .
The company added that the tests will last a few weeks and that the company will move closer to large-scale production of the field. According to Energean, Karish has reserves estimated at 1.41 trillion cubic feet. The final decision to invest in the development of the field was made in 2018.
When the British company arrived in Israel earlier this year to prepare to drill in Karish, Lebanon warned that there would be a reaction. Israel, in turn, warned Beirut that if it attacked the field it would be interpreted as an attack on the State of Israel and there would be retaliation.
Tension remains high even though the United States has offered to mediate the dispute resolution talks. The talks are ongoing.
Meanwhile, Israel has the ambition to become a major gas supplier in the eastern Mediterranean, increasing its production to 40 billion cubic meters over the next few years. Earlier this year, Israel held talks with the European Union about possible future supplies of LNG, the liquefaction of which is expected to take place in Egypt.
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The article Israel begins to extract gas from the disputed area with Lebanon comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/israele-inizia-a-estrarre-il-gas-dallarea-contesa-con-il-libano/ on Mon, 10 Oct 2022 14:18:34 +0000.