RAPAC Energy in New Agreement with Energean

December 17th 2020

RAPAC Energy Ltd. has entered into a new line of agreements with Energean to supply an additional 0.4 billion cubic metres per year of gas for a term of 6-15 years.

The British-Greek exploration and production company will commence with first gas from the Karish gas development project. Energean Israel has now established gas sales agreements, which will supply approximately 7.4 billion cubic metres per year of gas, with provisions in the contracts for take-or-pay, exclusivity and floor pricing.

A further sale of gas to third parties is expected as a result of the new agreements.

RAPAC Energy is represented by Partner, Yotam Leshem.

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