BDO Report-Economic Toll Of Tamar Gas Field Closure USD200mn/Month

Wires reporting comments from a BDO Israel report claiming that Israel is exporting 70% less natural gas since it shut down its Tamar field, and that the economic toll on Israel of said closure amounts to ~USD200mn/month.

• Earlier in the week, the FT highlighted the potential geostrategic implications of the Tamar shut-in and the potential limited development of Israeli fields while the Israel-Hamas war continues: "While not huge by international standards, Israel’s gas resources have regional and geopolitical importance. For instance, it is a potentially attractive source of — non-Russian — gas for Europe. New export routes, including an LNG terminal in Israeli waters, or a pipeline to Europe, have accordingly been floated, although the latter could need to overcome costly technical challenges."
• However, the 12 exploration licences granted over the weekend to firms including Eni and BP shows continued interest in the region. Speaking to Euronews, Amit Mor, CEO of Israel-based Eco Energy stated that investment will continue as "The players are aware of the political risk. It’s existed for a long time,”