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Energean Oil and Gas says Karish-Tanin project is “on track” as Israeli court dismisses environmental petition

“Energean is planning to deliver gas to the Israeli market from the Karish-Tanin Development in 2021, and is on track with its project milestones to achieve this timeline.”
oil and gas operations
The petition was brought by two environmental groups last September

Energean Oil and Gas Plc (LON:ENOG) told investors that it is on-track with the Karish-Tanin Development, as the Israeli Supreme Court dismissed a petition against the project.

The company, in a stock market statement, highlighted that the petition filed by two environmental groups last September was unanimously dismissed by the Israeli court.

READ: Thursday’s FTSE 100 & Small Caps market report

“These proceedings constituted the sole outstanding court proceedings against Energean in Israel,” the company said in the statement.

“Energean is planning to deliver gas to the Israeli market from the Karish-Tanin Development in 2021, and is on track with its project milestones to achieve this timeline.”

The petition was against both Energean and certain Israeli government bodies (the Petroleum Commissioner, the Ministry of Energy, the Ministry of Environmental Protection and the Ministry of Finance).

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