Europe faces soaring gas prices as Israel suspends production at the Tamar field due to the Gaza conflict, while a leak in the Baltic pipeline fuels security concerns.
Gas prices in Europe have witnessed a significant surge following Israel’s decision to suspend production at its Tamar gas field in the wake of ongoing deadly attacks from Gaza. The conflict, which has claimed over 1,100 lives since the weekend, has prompted Israel’s energy ministry to explore alternative fuel sources to meet its energy demands.
Chevron, the operator of the Tamar field situated approximately 89 kilometers off Israel’s southern Mediterranean coast, has confirmed that it received instructions from the ministry to halt operations at the field.”
