cross-posted from: https://exploding-heads.com/post/56337

Israel will now be able to produce natural gas from the Karish maritime reservoir, which, along with the Tanin field, is believed to hold 2 to 3 trillion cubic feet of natural gas and 44 million barrels of liquids. This is a shift, as Lebanon previously held claim to part of the Karish field. European and North American powers are eager for Israeli production to begin in the field, to alleviate the pressures of global gas shortages. Meanwhile, Lebanon will exploit Qana, the neighboring field. Several TotalEnergies representatives have traveled to Beirut to discuss the immediate exploration and development of the gas field.