APR 30, 2024 JLM 60°F 02:02 AM 07:02 PM EST
After a month's shutdown: the Tamar reservoir resumes gas production

The reservoir, about 85% of the gas produced from it is intended for the local market, received permission from the Ministry of Energy to return to flowing gas.

A month after the Ministry of Energy and Infrastructure ordered the cessation of gas flow from the reservoir, the partnership in the reservoir, Isramco(144.50 -2.03%)
which owns 28.75%, Noble Energy (25%), Mobadala (22%) and Tamar Petroleum ( 1,498.00 +2.6% )  (16.75%), announced today (Sunday) that the ministry has ordered the resumption of streaming.

Tamar is not the largest gas rig in Israel, but it is very important for local consumption. In 2022, 85% of all gas produced from it will be destined for the local market. Without the production from it, the job of exporting Israel's gas to Egypt and in general becomes more complicated.

The amount of natural gas in Tamar is about 13.2 trillion cubic feet (TCF), compared to about 22 TCF in Levitan. The last time the Tamar rig, which is closer to the Gaza Strip, was shut down, was during the Guardian of the Wall operation about two and a half years ago.

Source: Globes (Israel)

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Comments
Steve Jensen 22:57 12.11.2023
Good onya Israel.
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