Energean (GB:ENOG) has released an update.
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Energean PLC has announced the final investment decision for the Katlan development project in Israel, with first gas expected in the first half of 2027. The $1.2 billion project involves a subsea tieback to the Energean Power FPSO and is expected to extend the production plateau without seller royalties or export restrictions. The Ministry of Energy and Infrastructure has granted a 30-year lease for the area, endorsing the company’s track record and commitment to regional energy security and sustainable development.
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