Israeli gas sector strengthens with Chevron, Morocco deals
Israel is already exporting gas to Egypt and Jordan and is now eyeing greater energy ties with Morocco following the Abraham Accords.
There were two notable developments in Israeli gas this week.
The US energy giant Chevron announced Thursday its expansion plan for the Tamar gas field off the coast of Israel in the Mediterranean, Israeli media reported. Chevron and its partners will invest a further $673 million in the field to expand it to include a third 150-kilometer-long (93 miles) pipeline. The goal is to get daily production to 1.6 billion cubic feet per day. At present, Tamar’s production capacity is 1.1 billion cubic feet.
The Tamar expansion is expected to be done by 2025. The purpose of the expansion is to meet domestic demand and export more gas to Egypt and other countries, according to the reports.
Chevron’s partners in the field are the United Arab Emirates’ Mubadala Energy, the American-Israeli Isramco, the Israeli companies Tamar Petroleum and Dor Gas, and the American company Everest.
