Israel closes off marine gas field (conflict)

Isbel Lázaro.
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Inspenet, October 11, 2023.

Israel has made a decision to temporarily halt production at the Tamar gas field off its southern coast and is seeking alternative energy sources to meet its needs, the Energy Ministry said Monday, following three days of conflict in the region.

Chevron, the company that operates the field, has confirmed that the Ministry of Energy has ordered them to shut down operations at this field, which represents a crucial source of gas supply for power generators and industry in Israel.

The move comes in response to an incident in which Hamas fighters crossed the fence from Gaza on Saturday, marking the deadliest incursion into Israeli territory since attacks by Egypt and Syria during the Yom Kippur War half a century ago.

It should be noted that some of the Tamar gas is also exported to neighboring Jordan and Egypt.

The decision and the situation in Israel

As a result of the situation, Israel’s defense system ordered the temporary suspension of natural gas supplies from the Tamar field,” the Energy Ministry said in a statement.

The energy needs of the economy will be met by alternative fuels. The energy industry is preparing to use alternative fuels to power its power plants.”.

Tamar is located about 25 km from the city of Ashdod, along the Mediterranean coast of southern Israel. The platform, which is visible from the northern Gaza Strip on clear days, is within range of possible rocket attacks from the Gaza Strip.

Likewise, Israel’s largest offshore gas field, known as Leviathan, continues to operate without alterations, according to Chevron. Israel has acquired a relevant role as a gas supplier in the region, with the start of production in the Tamar field approximately ten years ago, followed by several other gas development projects.

During 2022, production at Tamar experienced an 18% increase, reaching a figure of 10.25 billion cubic meters (bcm), according to government data.

It is important to note that Chevron holds a 25% interest in Tamar, while Isramco holds 28.75%, Mubadala Petroleum of the United Arab Emirates holds 22%, Tamar Petroleum a 16.75% interest, Dor Gas a 4% interest, and Everest a 3.5% interest.

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Source: https://www.sabcnews.com/sabcnews/israel-shuts-down-offshore-gas-field-after-violence/

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