Key Investment Highlights
Natural Gas Overview - cont.
Gas supply from Leviathan Field
חברת החשמל
Israel Electric
On 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.
On June 23, 2022 the contract period was extended for another year. On June 28, 2023, the agreement was
extended for an additional year until July 4, 2024.
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
On March 14, 2022, IEC entered into an agreement with Energean Israel Limited for Spot sale and purchase
of natural gas for one year, starting from the date of delivery of gas from the reservoir.
On October 29, 2022, the delivery of gas from the reservoir started and the agreement came into force. On
October 15, 2023 the agreement was extended for an additional year until October 17, 2024.
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 9M.2023 and for 2022FY
Investor Relations
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