If Israel is to fully capitalize on its abundant gas reserves, then the development of new markets for its output is essential. Jordan takes regular volumes, and while Egypt’s appetite for gas is seemingly boundless as demand outstrips declining output (MEES, 23 August), overdependence on any single market carries risks.
FLNG had long been touted as a possible option for the expansion of Israel’s giant 23tcf Leviathan and diversifying the mix of buyers, but that has now been shelved, leaving the partners (Chevron 39.66%op, and Israeli firms NewMed 45.34% and Ratio 15%) increasingly focused on expanding pipeline connections to both Egypt and Jordan (MEES, 19 April). (CONTINUED - 944 WORDS)
