Israel's Leviathan partners eye big expansion of natgas field for Israel and export
The Israeli Leviathan offshore natural gas project's partners have submitted a multi-billion dollar plan to expand the field and boost production, aiming to increase total gas production capacity to 21 billion cubic meters (bcm) a year. The expanded production capacity will raise the maximum daily production capacity by 2 bcm a year to a total of 23 bcm annually. The additional production wells and processing facilities are expected to meet increasing domestic demand and bolster Israel's energy provider status.
- This expansion could solidify Israel's position as a significant natural gas exporter in the region, potentially reducing its reliance on imported fuel and enhancing regional energy security.
- How will the increased natgas exports impact Israel's relationships with neighboring countries and the global energy market?