Karish and Tanin Fields Gas Sales Pipeline

From Global Energy Monitor
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Karish and Tanin Fields Gas Sales Pipeline is a gas pipeline under construction offshore the coast of Israel.[1]

Location

The pipeline runs from Karish and Tanin gas fields to the the Israeli shore.

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Pipeline Details

  • Owner: Energean E&P Holdings Limited
  • Capacity: 8 bcm/y[1]
  • Length: 90 km / 56 mi[2]
  • Diameter: 30, 24 inches[2]
  • Status: Construction complete[3]
  • Start Year: 2021[2]

Background

In 2018, Energean agreed a loan of US$1.275 billion with the commercial banks Morgan Stanley, Natixis, Bank Hapoalim and Société Générale for the development of the Karish offshore gas project, including the construction of the pipeline and a floating production storage and offloading unit.[4] According to Energean, the overall cost of the offshore project through to 2021 is US$1.6 billion.[5]

Energean announced on June 22, 2020 that its construction had been completed and first gas is expected in the seconf half of 2021 as originally planned.[3]

Articles and resources

References

  1. 1.0 1.1 Elliott, Stuart (June 22, 2020). "UK-based Energean completes laying of core Israeli gas pipeline". S&P Global. Retrieved August 24, 2020.
  2. 2.0 2.1 2.2 Energean plc (June 22, 2020). "Karish pipe laying and subsea systems installation completed Karish Development c. 80% physically completed" (PDF). energean.com. Retrieved August 24, 2020.
  3. 3.0 3.1 Stuart Elliott, UK-based Energean completes laying of core Israeli gas pipeline, S&P Global, June 22, 2020
  4. Energean signs $1.275bn finance deal for Karish project, Energy Press, March 5 2018.
  5. Corporate Presentation, Energean, November 2019.

Related GEM.wiki articles

External resources

External articles