Monday, December 7, 2020

Energean in exclusive talks to buy PE Kerogen's stake in Israeli gas fields - REUTERS

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

SOURCE