Israeli court dismisses petition against Karish-Tanin development

The Israeli Supreme Court has dismissed a petition against Energean’s Karish-Tanin development in the Eastern Mediterranean, Energean Oil & Gas said on Thursday.

According to the Greek oil company running the development, the petition had been filed by Hof Hacarmel Regional Council against the Israeli Ministry of Energy, the Petroleum Commissioner, two planning and construction authorities, Energean Israel, and an environmental union of local authorities for Sharon-Carmel.

Energean’s field development plan for the Karish-Tanin development was approved by the Israeli Petroleum Commissioner in August 2017.

The company approved the final investment decision to proceed with the Karish-Tanin development in March 2018, having secured finance and equity funding for the project.

Energean also signed twelve gas sale and purchase agreements with significant industrial consumers in the Israeli market for a total of 61 bcm of natural gas over an average period of 16 years.

According to Energean, the company plans to deliver gas to the Israeli market from the Karish-Tanin development in 2021 and is on track with its project milestones to achieve this timeline.

Energean will develop the project through a new build, owned FPSO with gas treatment capacity of 800 mmscf/day (8 bcm/per annum) and liquids storage capacity of 800,000 bbls, which the company believes provides a flexible infrastructure solution and, potentially the scope to expand output for potential additional projects.

A 90-kilometer gas pipeline will link the FPSO to the Israeli coast and necessary onshore facilities to allow connection to the domestic sales gas grid operated by INGL, the national gas transmission company. The entire project infrastructure has been contracted to be engineered, built, and commissioned by TechnipFMC, with a contracted delivery date of Q1 2021.