The contract is for the supply of gas to Kesem's new power plant in HaMerkaz, Israel, which is estimated to be operational before the end of the decade.
The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.
Revenue: $1.8 billion for fiscal year 2024.EBITDAX: $1.2 billion for fiscal year 2024.Production: 153,000 barrels of oil equivalent per day.Dividends: $600 mil
Mar 20, 2025 / 08:30AM GMTOperator Welcome to the Energean and fiscal-year 2024 results webinar. This session is led by Mathios Rigas, CEO; and Panos Benos, CFO
The sale of the energy company's asset portfolio in Egypt, Italy and Croatia may fall through because of the buyer's difficulties with the Italian regulator.