Karish FPSO is Here! A BIG Step for the Israeli Energy Sector

תאריך: 6/5/2022

The natural gas platform ‘Karish FPSO’ arrived today (Sunday, June 5, 2022) at its designated location in Israel's Exclusive Economic Zone, approx. 80 km off the shores of Israel, having made its way for five weeks from the shipyards in Singapore.

The natural gas platform 'Karish FPSO' arrived today (Sunday, June 5, 2022) at its designated location in Israel's Exclusive Economic Zone, approx. 80 km off the shores of Israel, having made its way for five weeks from the shipyards in Singapore, where it had been built over the course of the past years. The platform was navigated from the Far East through the Gulf of Suez to the Mediterranean Sea.

Minister of Energy, Karine Elharrar: "I welcome the arrival of the platform in Israel and hope that its connection and the required tests are carried out swiftly and successfully. The connection of the third platform will allow for an increasing number of players in Israel to switch from burning coal and mazut to using natural gas. We will continue to work for the diversification of the energy sector and preserve its stability and reliability in normal times and in emergencies for the benefit of all the citizens of Israel".

The platform is intended to be connected to the Karish reservoir and additional reservoirs in the area and supply the domestic market with as much as half of the domestic demand for natural gas. This platform joins the 'Tamar' and 'Leviathan' platforms which presently operate and supply the market with natural gas. Its operation will significantly reinforce the redundancy of the supply and Israel's energetic security, and will naturally boost competition, which has led to a decrease in prices in the market. Commercial production from the platform is scheduled to commence in September.

Natural gas will flow to the platform from the wells, which are situated at a water depth of 1,700 meters and an underground depth of 3-4 km, through a subsea pipeline. On the platform, the natural gas will be processed, piped to the domestic market by means of a pipeline reaching the Dor shore area, and connected to the transmission system.

The connection of the Karish platform positions Israel as a natural gas power and will allow for increasing the export of natural gas to Egypt and Jordan, and from there on to additional countries in Europe that are in need of an additional source of natural gas following the global energy crisis. The export of natural gas serves as a political leverage and benefits Israel from a geopolitical standpoint, while reserving the amount of natural gas required for domestic consumption. This step also bears immense economic significance for the domestic energy sector and for the Israeli economy. Furthermore, this step, as many other steps promoted by the Ministry of Energy, assists Israel and countries such as Egypt and Jordan in reducing the use of polluting fuels such as coal and oil and dramatically reduces air pollution.

It should be noted that the connection of the Karish natural gas platform is another product of the Natural Gas Framework, the interim period of which came to a successful conclusion last year. Further to the Framework, Israel will have three separate natural gas reservoirs that are connected to the domestic market by means of three separate and independent production systems, thereby securing the energetic independence of the Israeli market. This step also fulfills another condition on the path to discontinuing the operation of coal-fired units.