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An announcement from Energean ( (GB:ENOG) ) is now available.
Energean plc has announced a new Gas Sale and Purchase Agreement with Kesem Energy Ltd for the supply of gas to a new power plant in Israel. The contract, valued at over $2 billion, is expected to provide around 12.5 bcm of gas over 17 years, contributing to Energean’s strategy of securing stable long-term cash flows and reinforcing its role in meeting Israel’s growing demand for natural gas.
More about Energean
Energean plc is a company operating in the energy sector, primarily focusing on the exploration, production, and sale of natural gas. The company is committed to energy security and transition in Israel and the broader region, with a strategic emphasis on stability and resilience in its operations and investments.
YTD Price Performance: -23.38%
Average Trading Volume: 371,593
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.44B
For detailed information about ENOG stock, go to TipRanks’ Stock Analysis page.