TASE:RATIOil and Gas
How Investors May Respond To Ratio Energies (TASE:RATI) Backing Leviathan’s US$2.36 Billion Expansion Plan
The Leviathan partners have approved a final investment decision to spend US$2.36 billion expanding the offshore gas field’s capacity, aiming to lift annual output from 12 BCM to 21 BCM by 2029 through new wells and upgraded subsea and platform systems.
This follows a long-term export agreement under which Israel will supply Egypt with 130 BCM of gas worth US$35 billion through 2040, tightening regional energy links and underpinning Leviathan’s role as a major supplier.
We’ll now examine how...