April 14 (Reuters) - UK-based gas producer Energean (ENOG.L) , opens new tab said on Monday that its Israeli subsidiary has signed a gas sale and purchase contract with Kesem Energy to supply fuel for a new power plant in Israel.

Under the agreement, which represents over $2 billion in revenue, Energean Israel will supply Kesem's new plant with about 12.5 billion cubic meters of gas over the 17-year lifespan of the contract.

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Energean, which primarily operates in Israel, has been benefiting from increased gas demand in the country due to rising electricity needs and coal phase-out plans.

The company aims to double its production in the coming years, primarily by developing new prospects in Israel.

https://www.reuters.com/business/energy/uks-energean-inks-new-gas-supply-contract-israel-2025-04-14/