No Result
View All Result
  • Login
Tuesday, May 19, 2026
FeeOnlyNews.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
FeeOnlyNews.com
No Result
View All Result
Home Business

Leviathan gas field resumes operations

by FeeOnlyNews.com
2 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

Eternal, SBI, Bharti Airtel, 6 other stocks can rally up to 57%. How many do you have?

Related Posts

Google’s I/O conference showed how the company is being completely rebuilt for AI

Google’s I/O conference showed how the company is being completely rebuilt for AI

by FeeOnlyNews.com
May 19, 2026
0

Former Google CEO Eric Schmidt’s AI talk at a university commencement speech this weekend drew a chorus of boos. But...

US stocks today: US stocks slip as inflation worries push Treasury yields higher

US stocks today: US stocks slip as inflation worries push Treasury yields higher

by FeeOnlyNews.com
May 19, 2026
0

Wall Street's main indexes closed lower on Tuesday after the benchmark 10-year Treasury yield climbed to its highest level in...

Do We Need a Modern Homestead Act to Save the American Dream?

Do We Need a Modern Homestead Act to Save the American Dream?

by FeeOnlyNews.com
May 19, 2026
0

For generations, Americans were told that if they worked hard and played by the rules, they could achieve the American...

Hesai expects Q2 revenue of RMB 850M–RMB 900M as it forecasts 3.0M–3.5M 2026 lidar shipments (NASDAQ:HSAI)

Hesai expects Q2 revenue of RMB 850M–RMB 900M as it forecasts 3.0M–3.5M 2026 lidar shipments (NASDAQ:HSAI)

by FeeOnlyNews.com
May 19, 2026
0

Earnings Call Insights: Hesai Group (HSAI) Q1 2026 Management View "Today, we are incredibly honored and excited to announce that...

Investor Jeremy Grantham pulls back curtains on the AI wars to reveal a ‘brutal competitive world’

Investor Jeremy Grantham pulls back curtains on the AI wars to reveal a ‘brutal competitive world’

by FeeOnlyNews.com
May 19, 2026
0

Jeremy Grantham has spent five decades calling market bubbles before anyone else wanted to hear it. Now he has a...

Real estate companies report dwindling profits

Real estate companies report dwindling profits

by FeeOnlyNews.com
May 19, 2026
0

At the end of last week the Central Bureau of Statistics reported that home prices were rising after two...

Next Post
Eternal, SBI, Bharti Airtel, 6 other stocks can rally up to 57%. How many do you have?

Eternal, SBI, Bharti Airtel, 6 other stocks can rally up to 57%. How many do you have?

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
10 States Offering Free or Low‑Cost College Courses for Residents Over 60

10 States Offering Free or Low‑Cost College Courses for Residents Over 60

May 13, 2026
The New Medicare Coding Change Confusing Pharmacies Across Multiple States

The New Medicare Coding Change Confusing Pharmacies Across Multiple States

May 11, 2026
Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

April 6, 2026
The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

April 21, 2026
The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

April 17, 2026
Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins

Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins

May 17, 2026
Public EV Chargers May Be Harder to Find if Funds Are Cut by Congress

Public EV Chargers May Be Harder to Find if Funds Are Cut by Congress

0
British Airways postpones resumption of Israel flights

British Airways postpones resumption of Israel flights

0
Laura Geller Treat & Go Lip Oil 4-Piece Collection only .98 shipped ( value), plus more!

Laura Geller Treat & Go Lip Oil 4-Piece Collection only $22.98 shipped ($76 value), plus more!

0
You’re Not Getting Hacked – You’re Getting Data-Harvested by the Tools You’re Paying For

You’re Not Getting Hacked – You’re Getting Data-Harvested by the Tools You’re Paying For

0
Stop Replacing Traffic. Start Replacing Visibility.

Stop Replacing Traffic. Start Replacing Visibility.

0
How securities-backed loans help investors avoid capital gains taxes

How securities-backed loans help investors avoid capital gains taxes

0
This Woman Detected Her Husband’s Illness More Than a Decade Before Doctors Did—How It Could Change Medicine

This Woman Detected Her Husband’s Illness More Than a Decade Before Doctors Did—How It Could Change Medicine

May 19, 2026
How securities-backed loans help investors avoid capital gains taxes

How securities-backed loans help investors avoid capital gains taxes

May 19, 2026
Google’s I/O conference showed how the company is being completely rebuilt for AI

Google’s I/O conference showed how the company is being completely rebuilt for AI

May 19, 2026
Fed to hike? When traders see a rate increase coming

Fed to hike? When traders see a rate increase coming

May 19, 2026
Bitcoin Hits ‘Wall Of Resistance’: CryptoQuant Research Head

Bitcoin Hits ‘Wall Of Resistance’: CryptoQuant Research Head

May 19, 2026
Public EV Chargers May Be Harder to Find if Funds Are Cut by Congress

Public EV Chargers May Be Harder to Find if Funds Are Cut by Congress

May 19, 2026
FeeOnlyNews.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

  • This Woman Detected Her Husband’s Illness More Than a Decade Before Doctors Did—How It Could Change Medicine
  • How securities-backed loans help investors avoid capital gains taxes
  • Google’s I/O conference showed how the company is being completely rebuilt for AI
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

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 © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.