UK-based gas producer Energean, focused on production and projects in the eastern Mediterranean, has raised its development and production expenditure guidance in Israel to reflect plans for a new pipeline and early achievement of milestones at the Katlan offshore project. Energean’s capex in Israel is now forecast to be $480 million-$500 million, up from $380 million-400 million previously expected, the London-listed company said in a trading update on Wednesday. The increase reflects inclusion of the Nitzana pipeline…