GCA Financial Targets for Government Companies
Natural Gas Overview - cont.
Gas supply from Leviathan Field
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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.
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.
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 2022FY.
Investor Relations
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