JERUSALEM – Energian announced the start of gas production in the Carrich Bahri field on Wednesday. The field is a part of the agreement to demarcate the maritime borders between Israel and Lebanon, which will be formally signed on Thursday. The Lebanese caretaker government also agreed to the decision to waive the 40 percent of Total Enem’s stake in a consortium for a patch 9 in Lebanese marine waters.
The business released a statement saying, “We are glad to report the production of the first quantities of gas from the Karish field off the coast of Israel safely. The gas flow is expanding steadily.”
This declaration was made the day before the historic deal, mediated by the United States, to demarcate the maritime borders with Lebanon, which allows for the commercial development of gas reserves in the eastern Mediterranean.
The agreement specifies that the Qana field belongs to Lebanon and that the Carrich field is under Israeli authority, but because a portion of the last field crosses the proposed demarcation line, the Hebrew state will receive a portion of any future profits from its exploitation.
Energy CEO Matthews said, “We have implemented a historic project that promotes energy security and adds competitiveness to the Israeli gas market.”
According to a representative for the organisation and the Israeli Ministry of Energy, the licence enabling the Energian company to harvest gas at the location was given to it by the Israeli government on Tuesday.
Indirect negotiations between the two nations, which are still engaged in a fictional war, started in 2020.
A three-year-old consortium led by Total Enemz was conducting gas exploration in two beautiful regions off the Lebanese coast.
Russian Novaten, who held a 20% share in October, was in discussions to find a different partner. That meeting got to the Lebanese administration during the transition.
In a caretaker administration, Total Enem’s stake will go to Daga 215 and the government’s share will temporarily go to Daga 216, according to the new ranking that was released today, Wednesday.
Walid Fayyad, the minister of energy for Lebanon, stated that the decision is temporary while talks to bring in a foreign operator are ongoing. However, a portion of the southern borders with Israel have lately been established. The majority of the 9th region is situated in Lebanese territorial waters.
The caretaker administration further demanded that the consortium, which also consists of the Italian corporation Eni, deposit 80% of the training costs necessary to improve the energy-related skills of public sector employees with the Central Bank of Lebanon by the start of the fiscal year.
Beginning with the first batch of gas produced from the Carrich field, Israel
About Author
