Contract SuccessEnergean has secured another contract to supply gas to Kesem's new power plant, representing over $2 billion in revenues.
Financial StrategyThe proposed sale would accelerate cash flows, reduce liabilities, and allow management to focus on its gas-weighted, development strategy in Israel and elsewhere.
Revenue GrowthThe new Gas Sale and Purchase Agreement with Kesem Energy represents over $2 billion in revenues and approximately 12.5 bcm in contracted supply over a 17-year period.