A final investment decision (FID) on the Katlan gas project has been announced by Energean. The development offshore Israel will receive a calculated investment of US$1.2bn.
Katlan will be deployed in phases. The first phase will involve a subsea tieback to Energean's Power floating production, storage and offloading (FPSO) unit. The engineering, procurement, construction and installation (EPCI) contract of the project's subsea elements has been awarded to TechnipFMC.
With operations expected to begin in the first half of 2027, Katlan is planned to contribute to Energean's gas sales agreements internationally.
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