BP, ENI AWARDED NATURAL GAS EXPLORATION OFFSHORE LICENCES IN ISRAEL

​In recent news, two major energy firms—BP and Eni—have been awarded gas exploration licenses in Israel. This news is particularly noteworthy given the ongoing war in the region.

​The Israel Antitrust Authority granted the licenses after the firms presented their plans to prospect for natural gas in the eastern Mediterranean. The move is seen as a significant step forward for Israel’s energy industry, as the country currently depends on imports for most of its energy needs.

The licenses allow BP and Eni to explore natural gas in the Leviathan and Tamar fields, which are believed to hold large reserves of natural gas. The areas are located in the eastern Mediterranean, just off the coast of Israel, and have been the subject of much speculation in recent years.

While the licenses are an essential development for the energy industry in Israel, they have also been met with controversy. Opponents of the move argue that BP and Eni’s involvement in the region could further destabilise the situation, as the companies are known for their close ties to Middle Eastern governments.

In addition, some have expressed concern about the environmental impact of gas exploration in the region. The Mediterranean Sea is home to many species of wildlife, including dolphins and turtles, and some fear that the drilling activities of BP and Eni could adversely affect these species.

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