LNG

The Israeli Energy Ministry said four groups of companies have made bids in Israel's latest tender for offshore hydrocarbon exploration and production as interest grows in the East Mediterranean natural gas and LNG hub.

Sembcorp Marine of Singapore has secured a contract from energy and LNG engineer TechnipFMC for a floating production, storage and offloading (FPSO) unit for offshore Israel’s latest East Mediterranean natural gas and oil development.

Greek company Energean Oil & Gas will become a main East Mediterranean natural gas player from 2020 with the expected start of production from the Karish gas field offshore Lebanon and later from the Tanin field off the Israeli coast.