No Result
View All Result
  • Login
Tuesday, June 23, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Leviathan gas field resumes operations

by theadvisertimes.com
3 months ago
in Business
Reading Time: 3 mins read
A A
0
Leviathan gas field resumes operations
Share on FacebookShare on TwitterShare on LInkedIn


Israel’s Leviathan offshore natural gas field has resumes operations after 32 days of inactivity since the outbreak of the war. The country’s largest field is again producing gas for the benefit of the domestic economy and exports to Egypt and Jordan. The Tamar gas field is the only offshore rig that has been operating so far during the war, and in the previous war with Iran there was a dramatic increase in the use of coal and diesel for electricity production compared with routine times. Energian’s Karish reservoir has not yet resumed operations.

The Ministry of Energy and Infrastructure said, “Following assessments of the situation and examination of all relevant considerations, it has been decided at this stage to resume operations for the Leviathan rig. The supply of natural gas to the domestic economy continues and will now be increased following the integration of another platform into the production system.”

On Saturday, February 28, when the current campaign against Iran broke out, the Leviathan and Karish reservoirs were shut down to reduce the risk of being hit. On the other hand, of course, relying on only one gas reservoir also slightly increases risks.

In the previous campaign against Iran last June, the Tamar reservoir serviced Leviathan’s customers as much as possible, and the coal-based power plants increased activity beyond normal. During peak demand times, Israel’s emergency fuel (diesel) was also activated to provide the power plants with the ability to continue operating. Back then, the war lasted only 12 days. Today, the war has continued for more than double that, which has increased pressure from the economy to reopen the reservoir.

Another consideration in favor of reopening the Leviathan field is the energy shortage in Egypt and Jordan, which rely significantly on Israeli gas, especially because of the blockade of the Strait of Hormuz, which prevents gas exports from Qatar. Significant blackouts have occurred in Jordan and Egypt in recent weeks to save energy following disruption in gas supplies from Israel. A combination of pressure from these countries, and the need to be a relatively reliable supplier even in troubled security times, may have tipped the scales in favor of reopening Leviathan at this stage.

This pressure has not been placed on Energean, which operates the Karish and Tanin offshore reservoirs in the north of the country. But another consideration, apparently, is the fact that the Karish platform is not very far from the Lebanese coast, in a region in which Hezbollah is active. An attack on the gas reservoirs is a scenario that probably worries the Ministry of Defense and Israel Navy, which is responsible for protecting Israel’s gas fields..





RELATED ARTICLES




Leviathan partners to invest $2.36b to expand production


Leviathan partners sign $35b Egyptian gas export deal






BDO chief economist Chen Herzog, advisor to the Natural Gas Association, estimates that the closure has cost Israel NIS 1.5 billion in the last month in electricity production costs, lower gas royalties and a decrease in natural gas company assets. Of this, NIS 1 billion comes from the Leviathan field and NIS 500 million from the Karish field.

Energean, the operator of the Karish platform, which remains closed, said, “Energean welcomes the resumption of operations at the Leviathan platform, and the indication that risk assessments now support increased offshore production. The company remains in close engagement with the Ministry of Energy and security authorities regarding the status of Karish.

“While operational decisions are shaped by asset specific security considerarions, Karish remains a critical component of Israel’s energy system, supplying a significant share of domestic demand. Energean expects that, as conditions permit, actions will be taken soon to enable the prompt and safe return of Karish to production.”

Published by Globes, Israel business news – en.globes.co.il – on April 3, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: FieldgasLeviathanOperationsResumes
ShareTweetShare
Previous Post

China Expands Digital Yuan | Armstrong Economics

Next Post

US informs Israel of deadlocked Iran negotiations, ceasefire odds plummet

Related Posts

Pzena Focused Value Strategy Increased Skyworks Solutions (SWKS) on a Dip

Pzena Focused Value Strategy Increased Skyworks Solutions (SWKS) on a Dip

by theadvisertimes.com
June 23, 2026
0

Pzena Investment Management recently released its first-quarter 2026 commentary for "Pzena Focused Value Strategy." A copy of the letter can...

Gen Z: if you want to succeed at work, you need to start friction-maxxing

Gen Z: if you want to succeed at work, you need to start friction-maxxing

by theadvisertimes.com
June 23, 2026
0

Growing up in the 70s and 80s, life was full of friction. No GPS meant walking into the gas station...

Moloco leads group buying 48% stake in AppsFlyer

Moloco leads group buying 48% stake in AppsFlyer

by theadvisertimes.com
June 23, 2026
0

After the collapse of the acquisition deal with Apollo, veteran Herzliya-based technology company AppsFlyer has carried out an investment...

Democrat Voters Pining for Change but Unwilling to Change

Democrat Voters Pining for Change but Unwilling to Change

by theadvisertimes.com
June 23, 2026
0

It is often observed that the 20th century’s most acclaimed theoretical physicist, Albert Einstein, said, “The definition of insanity is...

Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

by theadvisertimes.com
June 23, 2026
0

Shares of Syrma SGS Technology surged 4.84% to Rs 1,400.90 in Tuesday's trading session after the electronics manufacturing services (EMS)...

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

by theadvisertimes.com
June 23, 2026
0

Shares of Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power, which were recently spun off from Vedanta...

Next Post
US informs Israel of deadlocked Iran negotiations, ceasefire odds plummet

US informs Israel of deadlocked Iran negotiations, ceasefire odds plummet

Axis Bank to deepen insurance bet with Rs 389 crore infusion in Axis Max Life; stake seen at 19.99%

Axis Bank to deepen insurance bet with Rs 389 crore infusion in Axis Max Life; stake seen at 19.99%

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
6 Hotels Where Chase’s Points Boost Yields 2.5x

6 Hotels Where Chase’s Points Boost Yields 2.5x

May 22, 2026
Understanding risk remains a major investor blind spot: TIAA Institute

Understanding risk remains a major investor blind spot: TIAA Institute

June 5, 2026
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

June 2, 2026
Memorial Day 2026: Take Advantage of Food Freebies, Deals

Memorial Day 2026: Take Advantage of Food Freebies, Deals

May 23, 2026
9 Best Cheap Cell Phone Plans That Will Save You Money

9 Best Cheap Cell Phone Plans That Will Save You Money

June 3, 2026
The Fed Signals a Reversal in Rates

The Fed Signals a Reversal in Rates

0
Pzena Focused Value Strategy Increased Skyworks Solutions (SWKS) on a Dip

Pzena Focused Value Strategy Increased Skyworks Solutions (SWKS) on a Dip

0
Cutsinger’s Solution: Veggies and Noodles

Cutsinger’s Solution: Veggies and Noodles

0
8 Places to Sell Printables Online for Cash

8 Places to Sell Printables Online for Cash

0
Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

0
The Board-Lot Reckoning: Access, Liquidity, and Governance

The Board-Lot Reckoning: Access, Liquidity, and Governance

0
Pzena Focused Value Strategy Increased Skyworks Solutions (SWKS) on a Dip

Pzena Focused Value Strategy Increased Skyworks Solutions (SWKS) on a Dip

June 23, 2026
EU Committee Advances Digital Euro CBDC Bill After Vote

EU Committee Advances Digital Euro CBDC Bill After Vote

June 23, 2026
Roku (ROKU) Has a CTV Operating-System and Ad Platform Bigger Than a Hardware Narrative

Roku (ROKU) Has a CTV Operating-System and Ad Platform Bigger Than a Hardware Narrative

June 23, 2026
Cisco Systems (CSCO): Neues Fundament nach Kurssprung!

Cisco Systems (CSCO): Neues Fundament nach Kurssprung!

June 23, 2026
The Fed Signals a Reversal in Rates

The Fed Signals a Reversal in Rates

June 23, 2026
Gen Z: if you want to succeed at work, you need to start friction-maxxing

Gen Z: if you want to succeed at work, you need to start friction-maxxing

June 23, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Pzena Focused Value Strategy Increased Skyworks Solutions (SWKS) on a Dip
  • EU Committee Advances Digital Euro CBDC Bill After Vote
  • Roku (ROKU) Has a CTV Operating-System and Ad Platform Bigger Than a Hardware Narrative
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.