Israel: Energean finds 13 billion cubic meters of natural gas off Israel’s shore. It has also confirmed the presence of an additional 3.75 bcm at its Athena site.
The British-Greek energy company Energean announced the discovery of 13 billion cubic meters of natural gas off the coast of Israel on Monday.


As detailed building plan published for new diplomatic mission in Talpiot neighborhood, deputy mayor says it follows ‘four years of hard work’

The site of the planned new US Embassy campus on Hebron Road in Jerusalem (Courtesy)

The site of the planned new US Embassy campus on Hebron Road in Jerusalem (Courtesy)

A municipal committee on Tuesday published the detailed building plan for the permanent US Embassy in Jerusalem, which will replace the current temporary mission that has been used since former US president Donald Trump transferred it from Tel Aviv in a landmark move.

Jerusalem’s Local Planning and Building Committee published the plans for the diplomatic compound, which will be built on the abandoned Allenby military base on the outskirts of the Talpiot neighborhood, which was constructed by the Ottomans and later used by the IDF until the 1990s.

The embassy will be situated between Hebron Road, Hanoch Albek Street and Daniel Yanovski Street — an area that is just inside the 1949 Green Line that separates Israel from the West Bank and East Jerusalem. Part of the temporary embassy has been said to lay in a disputed area known as “No-Man’s Land.”

The new compound will contain the embassy building, offices, staff residence, parking and security buildings. The statement did not provide an estimate as to when its construction would be completed.

Jerusalem Deputy Mayor Fleur Hassan-Nahoum said in a statement that the plan was published following “four years of hard work” with the US mission.

“This new location of the US Embassy in such a central location will upgrade the neighborhood’s urban view and will connect it with all areas of the capital via a network of light rails that will stop almost at the door of the embassy building,” she said, referring to a plan — opposed by many environmentalist activists — to build a new light rail line on Hebron Road.

View of the site of the US Embassy in Jerusalem ahead of its inauguration, May 13, 2018. (Yonatan Sindel/Flash90)

Hassan-Nahoum said she hopes other countries will follow the US and transfer their embassies to Jerusalem.

Trump’s decision in 2017 to recognize Jerusalem as Israel’s capital and move the US embassy there wasn’t followed by most of the international community, which says the city’s status should be decided by an eventual peace agreement with the Palestinians.


The discovery, alongside the confirmation of more gas in a neighboring well, confirms the value of the “Olympus area.”

 A map of Energean's drilling wells.  (photo credit: ENERGEAN)
A map of Energean’s drilling wells.
(photo credit: ENERGEAN)

Energean PLC has announced a new commercial natural gas discovery of 13 billion cubic meters off the shore of Israel as a result of its exploratory drilling well dubbed Zeus-1; as well, it has confirmed the presence of an additional 3.75 bcm at its Athena site.

These discoveries have confirmed the company’s suspicions that the so-called “Olympus area” located between the Karish and Tanin gas fields are both voluminous and commercially viable.

“Following the start of production from our Karish reservoir last week, I am pleased that our drilling program, which has now delivered five successful wells from five, continues to deliver value, ensuring security of supply and energy competition across the region.”

Energean CEO Mathios Rigas

Bounty of Israeli gas in Olympus area

The company is now plotting its next steps toward capitalizing on the area’s bounty and expects to update the market on the total resource volumes within the Olympus area, taking into account the uplifted volumes in both Zeus and Athena, in early 2023.

“Following the start of production from our Karish reservoir last week, I am pleased that our drilling program, which has now delivered five successful wells from five, continues to deliver value, ensuring security of supply and energy competition across the region,” said Mathios Rigas, CEO of Energean.

“We are evaluating a number of potential commercialization options for the Olympus area that leverage both new and our existing, unique Med-based infrastructure, and we expect to commit to a development concept in 1H 2023,” he said.

 Energean rig at Karish Field (credit: ENERGEAN)Energean rig at Karish Field (credit: ENERGEAN)

Future drilling sites off Israel’s coast

In addition, Energean has moved its Stena IceMax drilling rig in order to begin drilling at its Hercules drilling site, the final well in its 2022 drilling campaign.