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The Karish gas field (Hebrew: מאגר כריש or "Shark reservoir") is a natural gas reservoir located in the Eastern Mediterranean. It is located near the much larger Leviathan and Tamar gas fields. The field had initially been allocated to a consortium of companies including Noble Energy (now Chevron) and Delek, but due to their monopolistic position in the Israeli market (as owners of the Tamar and Leviathan fields), Delek and Noble were forced by regulators to sell their rights in the field. As a result, the two companies sold Karish and the adjacent Tanin gas field to the Greek oil company Energean in 2016 for $150 million. The Karish and Tanin gas fields together are estimated to hold 2–3 trillion cubic feet of gas.

The field is expected to come online in the third quarter of 2022.

Development of the field

A plan for developing the field was officially presented in August 2017 by the Israeli Ministry of Energy. The plan involves the anchoring of a ship 90 kilometers (56 miles) offshore, where the gas from the two fields will be treated and prepared for export. A statement by Energean said that the floating production storage and offloading (FPSO) facility will have a gas treatment capacity of 8 BCM per year. It will be linked to facilities on the Israeli shore through a 90-kilometer gas pipeline, allowing connection to the domestic sales grid operated by the national gas transmission company.

In June 2020, Allseas announced that it had completed the installation of the 90.3-kilometer (56-mile), 30-inch, and 24-inch gas sales pipeline in water depths of up to 1,700 meters (5,577 feet). At the same time, TechnipFMC announced that it had installed the production manifold as well as subsea isolation valve foundations and structures.

In August 2020, Energean publicized that it had completed the electrical house (E-house) section containing all FPSO electronic control and uninterruptible power supply (UPS) systems aboard the rig under construction at the Admiralty Shipyard in Singapore.

In 2018, Energean CEO Mathias Rigas said that he expected drilling at the fields to begin in 2019 and that gas would begin to be supplied in the first quarter of 2021. However, delays associated with the COVID-19 pandemic have postponed the gas field coming online to the third quarter of 2022.

In November 2019, Energean said that its appraisal of a section of Karish known as Karish North revealed 0.9 trillion cubic feet (tcf) of recoverable natural gas resources plus 34 million barrels of light oil or condensate—an amount significantly larger than originally expected.

In December 2020, Energean announced that it had entered into a new set of agreements with Rapac Energy Limited and its related companies to supply an average of 0.4 BCM a year of gas for six-to-fifteen-year terms starting from first gas at Karish.

Disputes involving the field

In November 2019, Tsabar Gas and Oil filed a 600 Million NIS lawsuit against Energean claiming that Energean did not abide by its agreements with Tsabar involving Karish and that Energean had denied Tsabar its fair share. Tsabar asserts that it played a role in enabling Energean to purchase the rights to the field. Energean responded that Tsabar's claims were baseless.

In October 2020, Lebanon claimed that a 550-square-mile area also containing the Karish gas field should be part of its exclusive economic zone in addition to an already disputed 330-square-mile area. In November 2020, Israel rejected Lebanon's position out of hand. To that end, Israeli Energy Ministry CEO Udi Adiri sent a letter to Energean CEO Shaul Tzemach clarifying that the ministry has been instructed that no talks should be held with Lebanon on areas outside the disputed waters mentioned in the guidelines deposited with the United Nations in 2011.

References

1. staff, T. O. I. "Two Israeli natural gas fields to start pumping in 2020". www.timesofisrael.com. Retrieved 2021-01-03.
2. AFP. "Israel approves sale of offshore gas rights to Greek firm". www.timesofisrael.com. Retrieved 2021-01-03.
3. ^ Esau, Iain (18 January 2022). "Israeli FPSO due onstream in summer 2022, as Energean in arbitration over a gas sales deal". Upstream. Retrieved 13 March 2022.
4. Solomon, Shoshanna. "Greece's Energean gets nod to develop 2 Israeli offshore natural gas fields". www.timesofisrael.com. Retrieved 2021-01-03.
5. "StackPath". www.offshore-mag.com. Retrieved 2021-01-03.
6. "Energean on schedule to produce Karish, Tanin gas in 2021". Globes. 2020-08-27. Retrieved 2021-01-03.
7. Solomon, Shoshanna. "Israel aims to eliminate use of coal, gasoline and diesel by 2030". www.timesofisrael.com. Retrieved 2021-01-03.
8. Solomon, Shoshanna. "Karish natural gas field off Israel's shore found to be much bigger than thought". www.timesofisrael.com. Retrieved 2021-01-03.
9. "Energean Sells More Gas from Karish Field". Offshore Engineer Magazine. 2020-12-17. Retrieved 2021-01-03.
10. ברניר, מתן (2019-11-06). "שטיינמץ תובע 25% מזכויות אנרג'יאן במאגרי הגז: "הערימה עליי"". Globes. Retrieved 2021-01-03.
11. staff, T. O. I. "Lebanon reportedly demanding control of 2 Israeli gas fields in maritime talks". www.timesofisrael.com. Retrieved 2021-01-03.
12. "Israel rejects Lebanese claims on Karish, Tanin gas fields". Globes. 2020-01-11. Retrieved 2021-01-03.

v t e Resources in Israel
Oil	Heletz Meged
Natural gas	Karish Leviathan Sara and Myra Tamar Tanin
Potash	Dead Sea

• Natural gas fields in Israel
• Energy in Israel
• Economy of Israel