SUBSCRIBE
PROFILE

Energean invests $1.2 billion to develop project in Israel

London-based Energean is investing $1.2 billion to develop the Katlan gas project off the Israeli coast, with production scheduled for the first half of 2027.

Share:

Développement gazier Katlan Israël

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Energean announces a $1.2 billion investment to develop the Katlan gas project, to be discovered in 2022.
Located off the Mediterranean coast of Israel, Katlan lies close to the Karish and Tanin gas fields, also operated by Energean.
The Katlan field contains 1.10 trillion cubic feet of proven and probable gas reserves.
Drilling and well upgrades are underway, with initial production scheduled for the first half of 2027.
This massive investment is aimed at strengthening existing gas sales agreements and targeting international markets.

Economic and strategic implications

The Katlan development aims to double Energean’s gas production in the coming years.
The project is crucial to ensuring Israel’s energy security and supporting the region’s sustainable development.
Energean has obtained a 30-year lease for the Katlan area from Israel’s Ministry of Energy and Infrastructure, with an option to extend for a further 20 years.
Gas production from Katlan will supply local energy needs, while enabling exports to international markets.
Energean CEO Mathios Rigas emphasizes that this project will provide additional energy security and promote sustainable development in Israel and the region.

Future prospects and developments

Energean plans to significantly increase its production through the development of Katlan.
This project is part of a broader strategy to strengthen the company’s position in the international energy market.
The development of this gas field represents a crucial step for Energean and for the region’s energy security.
The Katlan project will also contribute to the local economy by creating jobs and generating significant revenues for Israel.
The infrastructure put in place for this project will serve as the basis for other future energy projects in the region.
Energean’s goal is to become a major player in the global gas industry.
The development of Katlan, in addition to its contributions to regional energy security, positions Energean to play a central role in the supply of natural gas to international markets.
This investment represents a major step forward for Israel’s energy security and economic development.
With this project, Energean is at the forefront of meeting the growing energy needs of the region and international markets.

  • Popular on energynews.pro
Altano Energy raises €81mn to develop five hybrid projects in Andalusia
Almaraz operators request extension beyond 2028
CMA CGM orders six LNG container ships from India’s Cochin Shipyard
Chevron and Helleniq Energy secure four offshore exploration permits in Greece
Cameroon to exempt biofuel equipment from customs duties starting 2026 to boost the sector
Baker Hughes triples coiled tubing drilling fleet with Aramco in Saudi Arabia
Baker Hughes will expand its coiled tubing drilling fleet from four to ten units in Saudi Arabia’s gas fields under a multi-year agreement with Aramco, including operational management and underbalanced drilling services.
Tokyo Gas signs agreement for 1 MTPA of LNG with Glenfarne on Alaska LNG project
Tokyo Gas commits to one million tonnes per annum of liquefied natural gas under the Alaska LNG project, boosting Glenfarne’s commercial momentum after five agreements signed in seven months.
Indonesia Energy signs agreement with Aquila Energia for hybrid projects in Brazil
Indonesia Energy Corporation partners with Aquila Energia to develop two pilot projects combining solar and natural gas to power data centres in Brazil, under a non-binding framework supported by both governments.
Italian court reviews extradition of Ukrainian suspect in Nord Stream sabotage
A former Ukrainian soldier accused of taking part in the 2022 sabotage of the Nord Stream pipeline is at the centre of a contested extradition process between Italy and Germany, revived by a ruling from Italy’s Court of Cassation.
Caracas demands full payment for gas extracted from the Dragon field
Venezuela demands full financial compensation for any gas exports from the offshore Dragon field, reactivated following U.S. authorisation granted to Trinidad and Tobago.
Vistra acquires 2.6 GW gas portfolio from Lotus Infrastructure
Vistra Corp. finalises the purchase of seven natural gas power plants totalling 2.6 gigawatts, strengthening its presence in key US electricity markets.
Tidewater sells gas processing facility to Parallax for $5.5mn
Tidewater Midstream and Infrastructure has finalised the sale of its non-core Sylvan Lake site to Parallax Energy Operating for $5.5mn, with limited impact on its 2025 results.
U.S. natural gas exports to Mexico reach record high
U.S. gas deliveries to Mexico reached 7.5 billion cubic feet per day in May, driven by rising demand in the power sector and new cross-border interconnections.
Sonatrach restarts Skikda unit to boost LNG exports
The Algerian national company has restarted a key liquefaction unit in Skikda, strengthening its export capacity amid massive investment in the gas sector.
Qatar and the United States call on the European Union to ease sustainability rules
Doha and Washington warn Brussels about the consequences of EU sustainability requirements on liquefied natural gas exports, as the continent’s energy security remains under pressure.
Azule Energy confirms gas condensate discovery at Volans-1X well in Namibia
The Volans-1X exploration well revealed a 26-metre productive zone in the Orange Basin, marking another hydrocarbon find for Azule Energy partners in 2025.
Predator Oil & Gas launches sale process for its Guercif gas asset in Morocco
Faced with the absence of commercially viable results on the Guercif permit, Predator Oil & Gas has initiated a sale process while continuing technical evaluation of the gas potential.
Oxford Energy Institute forecasts +120 bcm in global gas demand at $6/MMBtu by 2035
According to the Oxford Institute for Energy Studies, a stable gas price of $6/MMBtu would boost global demand by 60 billion m³ in the short term and 120 billion m³ by 2035, mainly driven by Asia.
Karachaganak cuts production after drone strike on Russian gas facility
Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.
Kinetiko confirms record flow rates at its LNG pilot project in South Africa
Kinetiko Energy reports production levels above economic thresholds at two Mpumalanga wells, strengthening the technical viability and development potential of its liquefied natural gas project.
National Fuel acquires CenterPoint’s Ohio gas assets for $2.62bn
National Fuel Gas Company acquires CenterPoint Energy’s natural gas distribution business in Ohio, doubling the size of its regulated portfolio and expanding its footprint in the US Midwest.
North American LNG export capacity to reach 28.7 Bcf/d by 2029
The United States, Canada and Mexico together plan a 151% increase in liquefied natural gas export capacity, representing more than half of expected global additions by 2029.
EU approves ban on Russian gas imports by end of 2027
European Union member states have approved the principle of a full ban on Russian natural gas imports, set to take effect by the end of 2027.
KLN advances on WHPA offshore gas project in Libya worth HK$10bn
KLN strengthens its industrial project portfolio with progress on the WHPA platform in Libya, a major offshore site valued at over HK$10bn ($1.28bn), aimed at supporting regional gas supply.
Venture Global to release Q3 earnings on November 10
US LNG producer Venture Global will report its Q3 2025 financial results before markets open, followed by a conference call for investors.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.