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Israel approves gas exports

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Report summary

On 23 June 2013, the Israeli Government approved gas exports from its recent, giant offshore discoveries. 60% of gas discovered to date (around 19 tcf) will be reserved for the domestic market, with the remaining 14 tcf available for export. All fields will incur a domestic market obligation (DMO), but there will be flexibility to swap or trade DMOs, which should make sufficient gas available from the Leviathan field to support an export project. Finalisation of Israel's export policy has...

What's included

This report contains

  • Document

    Israel approves gas exports

    PDF 467.31 KB

Table of contents

  • Executive Summary
  • Exports given the go ahead but with significant domestic market obligations
  • Less gas for export but at least a route to market
  • Tamar – piped exports more likely than FLNG
  • A delicate balancing act
  • Big challenges ahead

Tables and charts

This report includes 3 images and tables including:

Tables

  • Tzemach Committee domestic market obligation (DMO) recommendations

Images

  • Discovered resources and main discoveries 1970-2013 (tcf)
  • Offshore Israel

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