The Energy Ministry officially presents its plan for developing the Karish and Tanin natural gas fields, the two smaller ones alongside the larger Tamar and Leviathan fields in Israel’s economic waters in the Mediterranean.
The development plan “shows [Israel’s ability] to keep to the schedule” of development, Energy Minister Yuval Steinitz says. Once the new fields are operational, “competition will increase and prices…will fall.”
The plan calls for Karish, or “shark,” to be developed first, followed by Tanin, or “crocodile,” if there is sufficient demand in the Israeli market.
The two fields are believed to contain some 55 billion cubic meters of gas, which should be flowing to Israel’s shores — so says the development plan — by 2020.
Israel currently relies on a single working field, Tamar, and a single pipeline to shore from that field for a large part of its electricity production — a dependence that many security planners have pointed to as a potential strategic vulnerability in any future conflict.
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From the Liveblog of
Tuesday, August 8, 2017
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