The Fourth Offshore Bid Round Is Launching Soon! Check Back Here for Details
JOIN ISRAEL'S GAS REVOLUTION!
In the past 15 years, Israel had transformed from a net importer of fossil fuels to self-sufficient in its gas consumption, presently providing for 65% of electricity generation.
The discovery of the giant Leviathan and Tamar gas fields in turbidite sands offshore Israel have established the Levant Basin as a world-class petroleum province. To date, 10 gas fields of various sizes have already been found in water depths of up to 1800m below mean sea level.
The Ministry of Energy is promoting the development of Israel's natural gas resources through the entire supply-chain, from exploration and production to transport and distribution to industries and households. The Ministry is seeking to expand the offshore exploration activity and is committed to provide long-term regulatory stability and a favorable investment environment. Our vision is to bring the benefits of natural gas not only to the Israeli economy but also to the entire Eastern Mediterranean region.
Minister of Energy Karine Elharrar instructed Ministry personnel to prepare for the launch of the fourth offshore bid round for natural gas exploration licenses in the Exclusive Economic Zone (EEZ) of the State of Israel, Elharrar said in a press conference she held this morning at the Ministry of Energy.
Minister of Energy, Karine Elharrar, today signed an MoU between Israel, Egypt and the EU for collaboration on trade, transportation and export of natural gas to EU countries – during her visit to Egypt for an EMGF (East Mediterranean Gas Forum) meeting.
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.