Page 13 - MEOG Week 50 2022

MEOG NEWS IN BRIEF MEOG

1.6 billion cubic feet (BCF) of natural gas from platform. The adjustments are expected to The second stage of the expansion will
the Tamar field to meet Israel’s energy needs support the daily supply of production of 1.2 be secured by a new gas sales agreement
and export gas to Egypt and neighbouring billion cubic feet of natural gas, up from the with Tamar’s existing customer in Egypt and
countries. current 1.1 billion cubic feet. Work on the first supported by transportation agreements to
Chevron operates and holds a 25% stake in phase is scheduled for completion in early allow for better gas transportation routes
the Tamar gas field. The partners in the Israeli 2025. between Israel and Egypt, Chevron said.
gas reservoir include Isramco, which holds “Reaching an FID for Phase One of “When completed, this project will
28.75% of the rights in Tamar; Abu Dhabi’s Tamar’s expansion reflects Chevron’s ongoing enable us to meet Israel’s growing domestic
Mubadala Energy, which holds 22%; Tamar commitment to supporting the State of Israel’s demand, increase our natural gas delivery to
Petroleum, which holds 16.75%; Dor Gas with strategy to develop its energy resources for the neighboring countries and supply the world
4%; and Everest with 3.5%. benefit of domestic and regional natural gas whose need for affordable, reliable, ever-
In the first phase of the natural gas markets,” said Jeff Ewing, managing director cleaner energy continues to grow,” said Ewing.
expansion project, a 150-kilometer pipeline of Chevron’s Eastern Mediterranean business TIMES OF ISRAEL
will be laid from the Tamar field to the unit.

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