Skip to content Skip to Search
Skip navigation

Israel to develop more natural gas exports

An Energean survey team in Israel. Once operable, gas from the company's Katlan field will be available for export Energean
An Energean survey team in Israel. Once operable, gas from the company's Katlan field will be available for export
  • Energean developing Katlan field
  • 1.1 trillion cubic feet capacity
  • Available for export market

UK oil and gas company Energean has agreed the $1.2 billion development of the Katlan offshore gas field in Israel, with output set to start in the first half of 2027.

The production will underpin Energean’s existing gas sales agreements with Israeli clients and target international markets.

Katlan – owned and operated by Energean – contains 1.1 trillion cubic feet of proven and probable gas reserves. It is near the Karish and Karish North fields, which are also operated by Energean. 



The fields are expected to produce around 7.5-8 billion cubic metres (265-282 billion cubic feet) a year, Energean’s spokesperson said.

Export of output from Karish and Karish North is banned as the gas produced is intended to supply the domestic Israeli market. However, the Katlan project does not have any such restrictions and “there is a potential” that gas from the field will go to Egypt, the spokesperson said.

When it began in 2020, Energean’s production freed up output from other gas fields – such as Leviathan and Tamar – for exports.

Leviathan, one of three Israeli offshore gas fields, is one of the largest in the Mediterranean. The nearby Tamar is a major source of Israel’s gas for power generation, and around 20 percent of its output is exported. 

Israel exports around 90 percent of its production, mainly to Egypt and Jordan. Egypt’s gas production has declined to its lowest since 2018, plunging it into a deep power crisis.

Mathios Rigas, CEO of Energean, said: “By developing Katlan, we will unlock further value in the Israeli subsurface that will provide additional energy security and drive sustainable development, both in Israel and the broader region.”

Latest articles

Lucid has begun taking orders for its Gravity electric SUV

Lucid reports higher revenue but steeper losses

Saudi-backed US luxury electric vehicle maker Lucid reported a larger net loss than last year in the third quarter, but said revenue rose 45 percent, slightly ahead of Wall Street expectations. The company’s losses of $992.5 million in Q3 compared with $630.9 million in 2023. Revenue reached $200 million, narrowly beating estimates of $198 million.  Lucid […]

Nvidia shares Jensen Huang

Sales of Nvidia stock soar in UAE in record rally

As Nvidia’s stock market value hit $3.65 trillion on Thursday to make it the world’s most valuable company, so shares are in hot demand among retail investors in the Gulf.  The Californian chipmaker overtook Apple, which previously held the record for the highest closing market capitalisation at $3.57 trillion on October 21. “It’s our most […]

Talabat couriers in Abu Dhabi. The company operates in eight countries across the Mena region

Talabat profits soar ahead of planned IPO

Food delivery company Talabat reported a 46 percent increase in third-quarter profits ahead of its planned IPO.  Delivery Hero, the Berlin-headquartered parent company of the business, said net income reached $98 million in the three months, up from $67 million the previous year. It said the increased profit was due to improved logistics efficiency, continued […]