Katlan Gas Field Development to Begin on Israeli Shelf
London-based, Tel Aviv-listed independent Energean will invest $1.2 billion in the Katlan project off the coast of Israel, the company said in announcing its final investment decision.
The project is expected to begin producing gas in the first half of 2027. Energean said the production will complement existing gas sales agreements and will target international markets.
The Katlan field was discovered by Energean in 2022. It consists of a group of reservoirs located near two projects off the Mediterranean coast of Israel, Karish and Tanin. The deposits contain 1.10 trillion cubic feet (31.15 billion cubic meters) of proven and probable gas reserves, the company said on its website.
Israel’s Ministry of Energy and Infrastructure has granted Energean a 30-year lease for the Katlan site, Reuters reports.
