Energean, the leading gas focused E&P firm in the greater Mediterranean region, has made a Final Investment Decision (FID) for the development of the Katlan gas field in the Israeli Mediterranean. The announcement was made on Tuesday morning, July 23, to the London and Tel Aviv stock exchanges.
The Katlan gas field, discovered by Energean in 2022 at a depth of around 1,800 meters in the “Olympus Area,” will be developed in phases and linked subsea to the FPSO “Energean Power,” which currently services the Karish and Karish North fields.
This expansion will boost FPSO output with gas free from export restrictions and royalties. The added production will support existing sales and aim for international exports, subject to Israeli government approvals, with production slated to start in the first half of 2027.
The development of the Katlan field will be undertaken by TechnipFMC and involves creating a system of four wells connected by a major production line with approximately 30 kilometers of pipelines. The investment for the project is estimated at 1.2 billion dollars.
It is noted that Israel’s Ministry of Energy and Infrastructure has granted Energean a 30-year license for the Katlan field, with an option to extend for an additional 20 years.
Energean CEO Mathios Rigas highlighted that the decision to develop the Katlan field represents a significant milestone in the company’s growth. He emphasized that this move aligns with Energean’s proven track record and dedication to efficient gas field development.
The Katlan project is expected to unlock additional value in Israeli waters, enhancing energy security and supporting sustainable development in both Israel and the wider region.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
