Jerusalem, 9 September, 2026 (TPS-IL) — Energean, an international hydrocarbon exploration and production company, announced a new Natural Gas supply agreement with Israel’s Sorek power station on Wednesday. The 15-year deal is expected to generate approximately $1.4 billion in revenue.
The announcement came as Energean reported a strong recovery in the first half of 2026, driven by the Karish gas rig’s return to full production. Net profit after tax rose 45%, while cash flow increased 35% compared with the same period last year.
The Sorek agreement strengthens Energean’s portfolio of long-term contracts and its position in Israel’s natural gas market.
Together, the company’s three major contracts represent a guaranteed future revenue backlog of more than $5 billion, providing greater financial visibility and reinforcing Energean’s position as it enters the second half of 2026.