Energean

Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island, Energean's chief executive said on Thursday.

Greek oil and gas company Energean will invest $1.6 billion in its Karish and Tanin gas fields off the coast of Israel, it said on Thursday, days after raising about $460 million on the London stock exchange.

Karish and Tanin have potential reserves of 2.4 trillion cubic feet of natural gas and 32.8 million barrels of light oil and condensate.

Greek energy firm Energean has secured $1.25 billion in funding for the development of two natural gas fields off the coast of Israel, the company's chief executive said on Tuesday.

Energean plans to list on the London Stock Exchange in March and aims to raise about $500 million (356.53 million pounds), the Greek energy company said on Monday.

Sources had told Reuters in November that the company was considering a London listing to raise cash for a $1.5 billion development of the Karish and Tanin fields off Israel's coast.

Greek oil company Energean said on Thursday it has secured a $180 million loan from the European Bank for Reconstruction and Development (EBRD) and other banks to develop the Prinos oil field in the northern Aegean.

It has also agreed a deal for an extension to the existing $75 million EBRD loan facility.

Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted "strong interest" from companies exploring in the Mediterranean, the head of Greece's oil and gas resources management company said on Wednesday.

Israel's Energy Ministry on Monday granted preliminary approval to bids from Greek and Indian energy companies to explore for oil and gas in the Eastern Mediterranean.

Israel's Energy Ministry on Monday gave preliminary approval to bids from Greek and Indian energy companies to explore for oil and gas in the eastern Mediterranean.

Israel had received bids from Greece's Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources, Indian Oil Corp and Oil India.

Israel Chemicals Limited (ICL) announced on Thursday the signing of a contract with Greek energy company Energean for the long-term supply of natural gas to the Israeli firm.

Energean agreed to supply up to 13 billion cubic meters of gas at a total consideration of up to $1.9 billion over a 15-year period.

Greek energy firm Energean is considering listing on the London Stock Exchange to raise cash for a $1.5 billion development of gas fields off Israel's coast, sources familiar with the matter told Reuters.