US major Chevron (39.66%op) and its Israeli partners NewMed Energy (45.34%) and Ratio Energies (15%) “aim” to take a final investment decision (FID) on ‘Phase1B’ expansion to 23bcm/y (2.22bn cfd) “in the coming months,” NewMed says in a release marking the 23 February submission of an expansion development plan.
The plan splits ‘Phase 1B’ expansion into a 21bcm/y (2.03bn cfd) ‘stage one’ followed by ‘stage two’. Capacity is currently 1.2bn cfd with expansion to 1.4bn cfd ongoing (see table). (CONTINUED - 1511 WORDS)
