Energean Israel signs gas sale agreement with Kesem Energy for new power plant
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2025
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Source: Yahoo Finance
Gas Sale Agreement: Energean Israel has signed a gas sale and purchase agreement with Kesem Energy to supply approximately one billion cubic meters of gas annually for a new power plant expected to be operational by the mid-2030s, projecting over $2 billion in revenues from the contract.
Strategic Developments: The agreement includes provisions for pricing stability and reflects Energean's commitment to long-term cash flows, alongside their ongoing Katlan project which is set to begin gas production in 2027.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
