LONDON: Israel’s energy ministry has instructed Chevron to restart operations at the offshore Tamar natural gas platform, nine days after it was shut due to unrest in the region, the company said.
Production at the Tamar platform, located some 25 kilometers (15.5 miles) off the city of Ashdod along Israel’s southern Mediterranean coast, was expected to reach full capacity within 36 hours of its restart, Chevron said in a statement on Friday.
Chevron operates and holds a 25 percent stake in the Tamar gas field, which was shut on May 12 on the instructions of the government after violence erupted in Israel and the Gaza Strip.
It produced a total of 8.2 billion cubic meters (bcm) of gas in 2020, of which 7.7 bcm went to Israel, 0.3 bcm to neighboring Egypt and 0.2 bcm to Jordan, data from Israeli energy firm Delek, which also holds a stake, shows.
Chevron says to restart Tamar gas field on Israeli orders
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Chevron says to restart Tamar gas field on Israeli orders
- Field to reach full output within 36 hours of start-up
- Tamar platform shut down after Israel-Gaza unrest
India seals $3bn LNG agreement with UAE
- Leaders hold talks to strengthen trade, defense ties
NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.
The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian Prime Minister Narendra Modi.
They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.
Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.
ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.
“India is now the UAE’s largest customer and a very important part of ADNOC Gas’ LNG strategy,” the company said.
The UAE is India’s third largest trading partner and Sheikh Mohammed was accompanied by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.
Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.
“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in particular ways in the conflicts of the region,” he said.
