Greek company Energean Oil and Gas said on Monday that the latest appraisals show an Israeli offshore natural gas discovery is greater than initially expected, boosting Israel’s hopes of becoming energy independent and a natural gas exporter in the near future. Energean Oil and Gas, which is focused on developing resources in the Mediterranean, said that its appraisal of the Karish North Discovery offshore Israel confirmed the best estimate of recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light oil and condensate, significantly enhancing the discovered resource volumes across the company’s Karish and Tanin leases. In addition to the Karish and Tanin, Israel has seen other large gas fields discovered and developed in recent years—Tamar and Leviathan. Israel is set to soon begin natural gas exports to Egypt. The two countries, which mark this year 40 years since signing a peace treaty in 1979, have […]