Partners in Israel’s Tamar natural gas field announced on Sunday that they had agreed to increase production at the offshore site, which is a key energy source for the occupation and also provides gas to Egypt and Jordan, Reuters reported on Sunday.
With this change, Tamar’s production capacity will rise from its current 1 billion cubic feet per day to up to 1.6 billion cubic feet, according to field operator Chevron.
Jeff Ewing, Managing Director of Chevron’s Eastern Mediterranean Business Unit, stated that the move “reflects Chevron’s ongoing commitment” to partner with Israel to continue development of its energy resources “for the benefit of domestic and regional natural gas markets,”
Moreover, restoring the current compressors at the Ashdod, California, onshore terminal is part of this second phase, according to Chevron, which expands on an earlier choice to fund a third pipeline connecting the platform and field.
“Both phases of the Tamar expansion are scheduled for completion in 2025,” it stated.
Additionally, another project partner, Tamar Petroleum, stated in a regulatory filing that the new investment is for roughly $24 million, according to Reuters.
Chevron owns a 25 per cent stake in Tamar, while Isramco holds 28.75 per cent, UAE’s Mubadala Petroleum 22 per cent, Tamar Petroleum 16.75 per cent, Dor Gas 4 per cent, and Everest owns 3.5 per cent, according to data compiled by India Times.
