Insight
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6 Pages

Israel approves gas exports


Israel approves gas exports

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 includes 1 file(s)

  • Israel approves gas exports PDF - 467.31 KB 6 Pages, 1 Tables, 2 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • 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

In this report there are 3 tables or charts, including:

  • Executive Summary
  • Exports given the go ahead but with significant domestic market obligations
    • Tzemach Committee domestic market obligation (DMO) recommendations
  • Less gas for export but at least a route to market
    • Discovered resources and main discoveries 1970-2013 (tcf)
  • Tamar – piped exports more likely than FLNG
  • A delicate balancing act
  • Big challenges ahead
    • Offshore Israel
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