En­ergean to spend up to $1.5 bln in Is­raeli fields

Kathimerini English - - Focus -

Greek com­pany En­ergean Oil & Gas plans to build its own pro­duc­tion sys­tem in the Eastern Mediter­ranean at a cost of up to $1.5 bil­lion to tap two Is­raeli off­shore gas fields, the group’s chief ex­ec­u­tive said yes­ter­day. Greece’s only oil pro­ducer is also look­ing to bring a fi­nan­cial part­ner into the project to de­velop the Tanin and Kar­ish fields, which are sit­u­ated in deep wa­ters around 100 kilo­me­ters off Is­rael’s coast and have com­bined gas re­serves es­ti­mated at 2.4 tril­lion cu­bic feet. En­ergean bought Kar­ish and Tanin last Au­gust for $148 mil­lion from US-Is­raeli part­ners Delek Group and No­ble

Slot ma­chines. The first four OPAP gam­ing agen­cies with video lot­tery ter­mi­nals yes­ter­day be­gan op­er­at­ing qui­etly in At­tica, mark­ing the of­fi­cial launch of the VLT net­work in Greece. The four out­lets have been cer­ti­fied by the Gam­ing Com­mis­sion (EEEP). Pun­ters re­quire an elec­tronic player’s card, which will record all bets.

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