Everlasting Life
Through Faith in Jesus
https://www.timesofisrael.com/israe...-first-time-with-shipment-heading-for-europe/
Israel has exported crude oil material for the first time, with a shipment headed to Europe from the country’s offshore Karish gas field, according to an announcement Tuesday by Greek gas company Energean. The London- and Tel Aviv-listed firm is in charge of production at the Karish and Tanin natural gas fields in Israel’s economic waters in the Mediterranean.
In a statement Tuesday, Energean said “the first ever lifting of an Israeli crude oil cargo has taken place at the company’s Karish field,” and a cargo ship of hydrocarbon gas liquids (HGLs) extracted from natural gas (and then used in a mixture to make crude oil) was exported to global markets “for the first time in the history of Israeli oil and gas production.”
“This creates a significant differentiated income stream, fundamentally separate to gas-derived revenues,” Energean said, welcoming Israel into the “club of international oil exporters.” The cargo was “sold as part of a multi-cargo marketing agreement with Vitol; the first of a new source of East Med energy to reach Europe,” it added.....
Israel has exported crude oil material for the first time, with a shipment headed to Europe from the country’s offshore Karish gas field, according to an announcement Tuesday by Greek gas company Energean. The London- and Tel Aviv-listed firm is in charge of production at the Karish and Tanin natural gas fields in Israel’s economic waters in the Mediterranean.
In a statement Tuesday, Energean said “the first ever lifting of an Israeli crude oil cargo has taken place at the company’s Karish field,” and a cargo ship of hydrocarbon gas liquids (HGLs) extracted from natural gas (and then used in a mixture to make crude oil) was exported to global markets “for the first time in the history of Israeli oil and gas production.”
“This creates a significant differentiated income stream, fundamentally separate to gas-derived revenues,” Energean said, welcoming Israel into the “club of international oil exporters.” The cargo was “sold as part of a multi-cargo marketing agreement with Vitol; the first of a new source of East Med energy to reach Europe,” it added.....