Energean says on track for first Israel gas deliveries in 2021

In a trading update, the London-listed company said it was targeting 2.3trln cubic feet (Tcf) of gas and 31m barrels of oil “with a high probability of success through the 2019 Israeli drilling programme”.

"Our developments are on schedule and we have an active programme of drilling in both Israel and Greece in the months ahead, targeting significant increases in prospective resources and production, said chief executive Mathios Rigas.

“We are seeing strong incremental demand for our gas and aim to prove up enough resources to fill the 3.8 billion cubic metres (bcma) of spare capacity in our 8 bcma floating production, storage and offloading (facility).”

“Future gas sales agreements will focus on both further contributing to security and diversity of supply in the Israeli markets as well as targeting key regional export markets."