Contract AcquisitionEnergean has secured a significant contract to supply gas to Kesem's new power plant, boosting revenues by over $2 billion.
Financial StrategyThe proposed sale would accelerate cash flows, reduce liabilities, and allow management to focus on its development strategy.
Revenue GrowthThe new Gas Sale and Purchase Agreement with Kesem Energy is set to generate approximately $2 billion in revenues over a 17-year period.