Israeli Gas Opportunities

Twenty four blocks in Israel’s offshore waters in the Levant Basin have been designated for the bid round. The blocks can reach a maximum size of 400 km2, and some are adjacent to the recent world-class Tamar and Leviathan gas field discoveries in water depths of between 1500 and 1800 m.
Discovered in 2009, the Tamar field has been on-stream since 2013 and delivers gas to Israel via a 150 km pipeline. Following a two-year cessation of activity due to a review of the gas market by the Antitrust Authority, the new ‘Gas Framework’ was approved by the government. An anchor gas supply contract from the Leviathan field was recently signed with the Jordanian Electric Company, and with the approval of the Leviathan Field Development Plan, first gas is expected in 2019. In addition, the sale of the Karish and Tanin fields is near completion.

A recent third party basin modelling study concluded that up to 6.6 billion barrels of oil and 2,137 billion cubic metres of gas are yet to be found in the offshore part of the basin (YTF in Place, Best Guess P50). Speculative seismic data and historical well data are available to interested parties to further assess the potential of the blocks.

For more information, please refer to:

Additional details can be found under the Ministry of Infrastructure, Energy and Water Resources  (“MIEWR”) website: http://energy.gov.il/English/AboutTheOffice/SpeakerMessages/Pages/GxmsMniSpokesmanOSea.aspx

The bid round will be open till April 21st.

Please direct any questions/enquiries to Ms Jane Ng at jane.ng@israeltrade.gov.il or +65 6834 9220.

2017-01-24T12:38:01+00:00January 24th, 2017|General, investment|0 Comments