Energean plc is pleased to announce the connection of the Karish Gas Field to the Israel National Gas Line (“INGL”), an important milestone in facilitating the operational readiness of the Karish field development. Once onstream, the field will produce and provide significant quantities of natural gas to Israel and eventually the wider Eastern Mediterranean region.

The connection between Energean’s land-based system at Dor Beach in Northern Israel and the INGL delivery system was completed by welding together two 30-inch diameter pipe sections. Gas from the Karish field will flow to the Energean Power FPSO located 90 km offshore where production output will be processed and separated. The treated gas will then be delivered from an underwater pipeline to the land-based system at the Dor Station before entering the national pipeline on its way to distribution companies and end consumers.

Energean’s Karish development will deliver significant benefits to the Israeli gas market, creating a new, competitive element in gas supply that will drive optionality for domestic and regional gas consumers.

Mathios Rigas, Energean CEO: “This is another significant moment bringing us closer to the delivery of First Gas from our flagship Karish development and is testament to the hard work of our employees. Upon arrival, the groundbreaking Energean Power FPSO will be the first to be deployed in the eastern Mediterranean Sea – providing enhanced security of supply for both Israeli and regional gas consumers whilst bolstering Energean’s position as a low carbon energy producer, driving the energy transition in the wider Mediterranean.”

About Energean

Established in 2007, Energean (LSE: ENOG, TASE: אנאג) is a London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations in eight countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean, with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint.