The Israeli Ministry of Energy has given its approval to Energean to start producing natural gas from the Karish gas field, which has estimated reserves of 1.41 tcf (40 bcm). The company is developing the field using a floating production storage and offloading (FPSO) with a gas treatment capacity of 800 mcf/d (8 bcm/year). Energean started testing the pipeline linking the project to the Israeli coast in October 2022.
Earlier in October 2022, Israel and Lebanon reached an agreement demarcating a contentious maritime border between the two countries. The deal will settle a territorial dispute in the eastern Mediterranean Sea in an area where Lebanon intends to conduct natural gas exploration and close to waters where Israel has discovered significant quantities of hydrocarbons.