70 Percent of Gas from Israel's Leviathan Field Goes to Egypt and Jordan

(Makor Rishon-Hebrew-8July2022) Pazit Ravina - Yigal Landau, CEO of Ratio Oil Exploration Ltd., which holds a 15% stake in Israel's Leviathan gas field drilling rig, said in an interview, quoting Israel Energy Ministry experts: "In Israel's economic territorial waters...if there is more than 1,000 BCM (billion cubic meters) of natural gas in the area between the Karish, Leviathan, and Tamar fields, there is a similar amount in the ground still waiting to be found." "Currently, Leviathan is producing gas at the rate of 11 BCM per year, within a maximum capacity of 12. Nearly 70% of this gas goes to Egypt and Jordan, and the rest to Israel." There are plans to expand the capacity at Leviathan to 21 BCM by 2025.

2022-07-18 00:00:00

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