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Greece`s Energean Signs First Deal to Supply Gas to Israel - Bloomberg L.P.
Greece's Energean Signs First Deal to Supply Gas to Israel

by Yaacov Benmeleh
28. Mai 2017, 09:02 MESZ



  • Company will supply up to 23 bcm of gas at competitive price
  • Energean entered field fter Noble was forced to sell stake




Energean Oil & Gas Group signed contracts to supply private Israeli power plants with natural gas, the first deals to compete with the partners who dominate the country’s energy industry.
Greece’s Energean will supply as much as 23 billion cubic meters of natural gas from the Karish and Tanin fields offshore Israel to Dalia Power Energies Ltd. and Or Power Energies Ltd., according to an emailed statement Sunday. The cost will be linked to the Israeli electricity market and underpinned by a floor price.
Energean has said it will sell to the Israeli market for less than what Israel Electric Corp. -- the state-run utility and biggest supplier of power -- pays to the partners in Tamar, Israel’s second-largest natural gas reservoir.


Energean bought Karish and Tanin from Delek and Noble for about $150 million and future royalties last year. The Greek explorer said it will invest more than $1 billion in development over the next few years, with the aim of pumping gas to clients by 2020.
 
Ποιός από εσάς έχει πάει Σαντορίνι; Μπορείτε να μου προτείνετε τίποτα...;



Ιπποκράτης
 
https://www.reuters.com/article/us-greece-energy-hydrocarbons-idUSKBN18P17K

Greece to open up onshore oil and gas prospects in 2018: licensing authority





ATHENS
Greece will begin the process of opening up new onshore oil and gas prospects to exploration next year, the chief executive of the country's oil and gas resources management company said on Monday
.

Among the first will be the Greek region of Grevena, close to where the Trans Adriatic Pipeline (TAP) will cross, Yannis Bassias, head of the Hellenic Hydrocarbons Resources Management (HHRM), told Reuters in an interview.
TAP, which will bring new gas supplies from Azerbaijan to Italy, runs across northern Greek territory.
"As of next year, and perhaps earlier, we will begin announcing that we are opening the door to whoever is interested in onshore sites, " Bassias told Reuters.
HHRM, an independent body, would start compiling data packages for Grevena and central regions too, he said.
Greece has launched an ambitious program to discover more oil and gas, encouraged by the recent big large gas finds offshore Israel and Cyprus and spurred on by its protracted financial crisis.
Last week it granted a concession to Greece's Hellenic Petroleum for onshore exploration at two sites in the west of the country, and to privately-held Energean for another block.
Energean is currently the country's only offshore oil producer, in northeastern Greece, with an average production of 3,500 barrels per day last year.
Bassias said he expected the first new offshore and onshore drillings to begin in two years, provided bureaucratic hurdles were overcome.
He was also confident that firmer crude prices and a more stable political climate in Greece would attract prospectors to the remaining 17 of 20 blocks in the Ionian Sea and south of Crete which were unsuccessfully offered in 2014.
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"We've seen all the big companies, and medium-sized ones too. Its inconceivable to not have companies express interest in the coming months in sites which were not leased during the previous bid round in 2014," Bassias said.
HHRM, tasked with finding investors, overseeing licences and monitoring the implementation of exploration and exploitation agreements, would not be launching new license bidding rounds for those blocks, Bassias said. Instead, it was in talks with firms for so-called "investors' initiatives."
"We are optimistic because these are high risk, high reward regions," he said.


 
Na wird aber auch Zeit, seitdem ich im Forum bin gibt es regelmäßig Neuigkeiten von sagenhaften Gasvorkommen
 
Ποιός από εσάς έχει πάει Σαντορίνι; Μπορείτε να μου προτείνετε τίποτα...;

Bekannte von uns waren letzten Sommer dort. Soll schön sein, aber teuer und überfüllt. Bewegst dich fast durchgehend in Touristenströmen
und man zieht dir das Geld regelrecht aus der Tasche. Die Preise waren schon unverschämt hoch. Ich würde da höchstens im Winter mal hinfahren
und dass als Grieche, nicht als Tourist. (Wenn du verstehst was ich meine)
 
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