Leviathan partners weigh FLNG option

LNG exports pose attractive proposition for Israel, restricted by limited pipeline export outlets

The logic for Israel to explore the possibility of LNG exports lies both in data and its geopolitical circumstances. Israel has proven reserves of 1tn m3 of natural gas. In addition, several drilling operations are to take place over the next few years following the granting of licences to a consortium operated by UK independent Cairn Energy—partnered with London-listed Soco and Israel's Ratio—and a consortium operated by Greece's Energean. The energy ministry estimates that yet-to-find discoveries could more than double Israel's current reserves. The Tamar field supplies 97pc of Israel's 11bn m³/yr consumption, with the rest from LNG imports. Production will begin at the Leviathan field at