Following its initial public offering on the London exchange, Greek energy company Energean said it was making a $1.6 billion investment in gas offshore Israel. Energean said it was using $405 million from its IPO to help move forward with a $1.6 billion final investment decision for the Karish and Tanin developments off the coast of Israel. The Greek company will finance, with underwriting, 70 percent of the project, with its partners at Kerogen Capital taking up the slack. The Greek company said the project will proceed through a new floating production facility that can treat 800 million standard cubic feet of gas per day and store as much as 800,000 barrels of equivalent. “The Karish and Tanin development will bring competition […]