Gas Firm Energean Raises Capex as Projects in Israel Advance ...Middle East

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Gas Firm Energean Raises Capex as Projects in Israel Advance
source : OILPRICE ( Middle East ) () 57
UK-based gas producer Energean, focused on production and projects in the eastern Mediterranean, has raised its development and production expenditure guidance in Israel to reflect plans for a new pipeline and early achievement of milestones at the Katlan offshore project.   Energean’s capex in Israel is now forecast to be $480 million-$500 million, up from $380 million-400 million previously expected, the London-listed company said in a trading update on Wednesday.   The increase reflects inclusion of the Nitzana pipeline…

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