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Energean begins exports from Israel of gas-byproduct condensate

Energean said on Tuesday it had begun exporting condensate, an extremely light form of oil which occurs as a byproduct of natural gas production, from its Karish field offshore Israel.

Energean said it had already sold hundreds of thousands of barrels to global energy trader Vitol Group, which would bring it to international markets.
“The total sales volume expected from the export of liquids from the Karish reservoir amounts to hundreds of millions of dollars per year,” it said.

Energy firms have been producing large quantities of condensate from Israeli fields for years, selling it to the domestic market. Energean said this was the first time the product was sold abroad.

Natural gas production at Karish began last October. Energean said at the time it expected to reach initial capacity of up to 6.5 billion cubic meters (bcm) of gas per year within four to six months.
Source: Reuters (Reporting by Ari Rabinovitch Editing by Mark Potter)

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