Greek Firm Energean’s FPSO is Now Within Reach of Hezbollah Missiles

Sayyed Hasan Nasrallah, the secretary general of the Lebanese Resistance movement, directly warned the firm against operating in Karish gas field, stressing that Hezbollah is capable of preventing the Zionist entity from investing gas and oil in the disputed maritime zone between Lebanon and occupied Palestine.

“This company, its administration and owners who took the decision to dispatch the FPSO (Floating Production Storage Offloading) to this disputed zone and to carry out this aggressive act are fully responsible from now for any material or human losses that could be inflicted upon it,” Sayyed Nasrallah said during televised speech via Al-Manar on Thursday.

Energean was set up in the early 2000s by Mathios Rigas, a Greek banker, who reportedly holds the so-called “Israeli nationality”, with years of experience moving cash around the oil industry.

In March 2018, the London-based company took Final Investment Decision on its flagship 2.4 Tcf Karish and Tanin. It has secured long-term gas agreements with some of the largest private power producers and industrial companies in the Zionist entity.

According to Energean, Karish Northfield contains gross 1,137 bcf gas 2P reserves plus 34.1 mmbls liquids 2P reserves. This represents a total of 240.7 million barrels of oil equivalent, of which 84% is gas.