Israel recognizes Energean's Katlan offshore gas discovery

Israel sure is one of the smallest producers of fossil fuels in the Middle East! 😊

"Minister of National Infrastructures Energy and Water Resources Israel Katz has awarded to Energean plc ... the approval ... of the license in Block 12 Katlan (Olympus) reservoir as a natural gas discovery. Katlan contains an estimated 68 BCM [Billion/Bank Cubic Meters?].

By law, this declaration now allows British-Greek energy company Energean to file a development plan, which when approved will enable it to begin developing the reservoir, which in several years will provide additional natural gas for the domestic market and perhaps even for export.

This is the first gas discovery recognized by the Israeli government since 2015. The Katlan/Olympus field is located between Energean's Karish and Tanin fields. ..."

Israel recognizes Energean's Katlan gas discovery - Globes Energean can now file a development plan, which when approved will enable it to begin developing the reservoir.