Israel Electric Financial and Sector Reform Update slide image

Israel Electric Financial and Sector Reform Update

Natural Gas Overview - cont. Gas supply from Leviathan Field חברת החשמל Israel Electric In July 4, 2021 an agreement for Spot sale and purchase of natural gas was signed between IEC and the Leviathan partners. The contract period is one year. ■ The price of gas will be determined each month. The contract does not include any obligation regarding the purchased quantities (TOP or minimum quantity). Gas supply from Karish Field ■In March 22, 2022 an agreement for Spot sale and purchase of natural gas was signed between IEC and Energean Israel Limited for one year, starting from the date of delivery of gas from the reservoir. ■ The price of gas will be determined each month. The contract does not include any obligations regarding the purchased quantities. Sufficient gas supply and predictable prices - stable operational environment Source: IEC's Financial Statements for 2021FY Investor Relations 18
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