Israel Still Struggling to Produce Gas from Mediterranean

Israel Still Struggling to Produce Gas from Mediterranean

Despite promising signs, Israel is still struggling to produce large amounts of natural gas from its Mediterranean fields, says Reuters.

The Tamar field, estimated at around 10tcf of reserves, has only one operating platform, as the two companies in charge of developing the field have faced anti-trust challenges.

Additional investments have been put on hold as Noble Group and Delek Energy defend their position to the Israeli government.

Despite the challenges facing development, Prime Minister Benjamin Netanyahu and Cypriot President Nicos Anastasiades have continued to hold talks on how to increase gas production and collaboration between the two countries, reported Forbes.

“There is palpably renewed energy in our relationship, I mean that figuratively and literally,” Netanyahu said, according to a Haaretz report. “… We think that by cooperating with each other we can take it out more easily, we can market it better, to the betterment of both our societies.”


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