Chevron to launch two-phase expansion of Tamar gas field (Jerusalem Post)

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     IN A ONCE-UNTHINKABLE development, the Mubadala Investment Corporation, a sovereign wealth fund of Abu Dhabi, invested $1 billion in the Tamar natural gas field. (photo credit: MOSHE SHAI/FLASH90)

    Chevron to launch two-phase expansion of Tamar gas field – By Zachy Hennessy (Jerusalem Post) / Dec 8, 2022

    Phase One of the expansion will include the construction of another pipeline, expected to be finished in 2025

    The first phase of a two-phase capacity expansion of the Tamar natural gas reservoir is slated to take place in the new year, the company announced on Thursday.

    The move comes as a result of a Final Investment Decision (FID) between Chevron Mediterranean Limited and the working interest owners of the Tamar reservoir, which include Chevron Mediterranean Limited, Isramco, Mubadala Energy, Tamar Petroleum, Dor Gas and Everest.

    “Reaching an FID for Phase One of Tamar’s expansion reflects Chevron’s ongoing commitment to supporting the State of Israel’s strategy to develop its energy resources for the benefit of domestic and regional natural gas markets,” said Jeff Ewing, managing director of Chevron’s Eastern Mediterranean Business Unit. “When completed, this project will enable us to meet Israel’s growing domestic demand, increase our natural gas delivery to neighboring countries and supply the world whose need for affordable, reliable, ever-cleaner energy continues to grow.”

    CONTINUE > https://www.jpost.com/business-and-innovation/energy-and-infrastructure/article-724359

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