December 7, 2020 - 10:59
(Reuters) - Gas exploration and production company Energean said on Monday it was in exclusive talks to buy Kerogen Capital’s 30% stake in Energean Israel in order to take full control of the Karish and Tanin gas field leases, offshore Israel.
The company, which currently holds a 70% interest in Energean Israel, said the flagship Karish gas development project is expected onstream in the fourth quarter of 2021.
Reporting by Yadarisa Shabong in Bengaluru
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