Chevron (25%op) and its partners at Israel’s second largest gas field Tamar are eying expansion: a near-50% hike in production capacity from 1.1bn cfd to 1.6bn cfd over the next three years. With the work needed to achieve this relatively limited in scope this should prove a cut-price way of expanding Israel’s output capacity.
But there’s a snag. With Israel’s domestic market fully sated following October’s startup of Israel’s third producing field, Energean’s Karish, additional output would have to be exported. And this would require the relaxation of Israel’s strict export rules. (CONTINUED - 1572 WORDS)
