Energean confirms that it received notice from the Ministry of Energy and Infrastructure on 13 June 2025 ordering the temporary suspension of production and activities of the Energean Power FPSO, following the recent geopolitical escalation in the region.

All production activities have now been temporarily suspended and notices have been issued to Energean's customers and other stakeholders.

Energean maintains a close dialogue with the Ministry of Energy and Infrastructure and other relevant stakeholders to facilitate the safe resumption of production as soon as possible.

Karish

Karish is a significant natural gas and liquids producing field offshore Israel. As per year end 2022, it contains 1,4 tcf gas 2P reserves plus 54 mmbls liquids 2P reserves. This represents a total of 307 mmboe 2P reserves.

Karish produces natural gas and hydrocarbons liquids through Energean’s regionally unique Energean Power FPSO. Located offshore Northern Israel, it is a major contributor to both energy competition and energy security in Israel.

Production commenced in 2022.  Through 2023, gas production capacity reached an equivalent of 6.5bcm per year. Total production of gas and fluids was 87k boepd. The Karish field is therefore and will remain a significant supplier to the Israeli gas market.

Natural gas produced from Karish is primarily sold to the Israeli power generation sector on long term “take or pay” contracts, providing security of supply and demand for all parties. Approx 20% is sold to industrial users. Hydrocarbon fluids are sold on international markets.

KeyFacts Energy: Energean Israel country profile