Karish gas field

The Karish gas field (Hebrew: מאגר כריש or "Shark Reservoir") is an Israeli natural gas field located in the Eastern Mediterranean. It lies in proximity to the significantly larger Leviathan and Tamar gas fields. The field was initially allocated to a consortium of companies including Noble Energy (now Chevron) and Delek, but due to their monopolistic position in the Israeli market (as owners of the Tamar and Leviathan fields), Delek and Noble were forced by regulators to sell their rights in the field. As a result, the two companies sold Karish and the adjacent Tanin gas field to the Greek oil company Energean in 2016 for $150 million. The Karish and Tanin gas fields together are estimated to hold 2–3 trillion cubic feet of gas.

The field came online in the third quarter of 2022. As a deal was struck ending the Israeli–Lebanese maritime border dispute, Israel maintained control of Karish, and gas began flowing from the field on October 26, 2022.

In the aftermath of a June 2022 energy deal between the European Union, Egypt and Israel, experts project gas from Karish will eventually be exported to Europe, as the European Union navigates the 2022 Russia–European Union gas dispute.