The 2020 gas price crunch has substantially cooled down the hype around the Eastern Mediterranean’s recent discoveries in Egypt, Israel and Cyprus. Israel was the first EastMed nation to commission an offshore field and has scored some genuinely impressive discoveries in Leviathan and Tamar, however the string of new finds has largely dissipated and erstwhile ambitious plans to become the gas hub of the Levantine Basin now seem much less convincing. Yet Israel has been making headway in meeting its primary objective – to satisfy its own domestic needs. With much of the infrastructure in place and the remaining part expected to come onstream in the upcoming months, Israel’s impending wave of commissioning might provide a boost to the 3 rd Offshore Licensing Round. The most recent development in the Israeli offshore was Energean tying up the 85 BCm Karish and 23 BCm Tanin gas fields it operates to […]