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Israel's NewMed Targets FLNG Terminal for Leviathan Field

NATURAL GAS

Israel's NewMed Energy is leaning towards building a floating LNG (FLNG) terminal to further develop its Leviathan field in the eastern Mediterranean.

  • They had been considering a FLNG or connecting to north Egypt via pipelines.
  • "The floating (LNG terminal) is really where we are heading right now," chief executive Yossi Abu said.
  • Over the first nine months of the year, 8.5 bcm of natural gas has been produced from Leviathan, NewMed said.
  • "In 2023 we will significantly speed up Leviathan's expansion and entry into new markets, while strengthening the collaboration with our customers in Israel, Egypt and Jordan," said Abu.

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