Connect with us

Hi, what are you looking for?

Jewish Business News


Energy Company Energean lines up London listing

Energean most significant undeveloped assets lie in gas fields off Israel, where the government is ready to go forward with development. 


An independent oil and gas explorer, Energean, today announces its intention to proceed with an initial public offering (IPO). Energean intends to raise around $500 million in London Stock Exchange’s main marketmarket in March.

Funds from the listing would flow mostly into Israeli projects, with $10 million for the founders and some earmarked for fees and other corporate purposes. Energea also says it will consider a secondary listing in Tel Aviv (TASE).

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Daniel Loeb‘s Third Point energy company Energean to invest $1 billion in Israeli gas fields

The 11-year-old eastern Mediterranean specialist said in a statement on Monday, that its spacial interest to be in Greece, the Adriatic, North Africa and Montenegro.

However, it notes that the most significant undeveloped assets lie in gasfields off Israel, where the government is ready to go forward with development.

CEO Mathios Rigas said: “Over the past few years, Energean has built a strong production, development and exploration portfolio in the Eastern Mediterranean to position itself as one of the leading independent oil and gas companies in the region. The current, advanced plans for the development of the Karish and Tanin fields, offshore Israel, together with the significant development programme for the Prinos licences in Greece, have given us considerable momentum in our progress towards achieving this objective. The Offer will provide us with a platform to secure this next phase of growth for our pipeline of attractive exploration projects.”

Cypriot firm Energean to buy Israeli Tanin and Karish gas fields

According to Financial Times, the prospect looks strategically attractive when North Sea reserves are in decline and the region is fretting about its dependence on Russian supplies.

Still, development in the eastern Mediterranean resources is too risky because of the cocktail of political risks and rivalries involving the countries concerned.

FT mentioned the global energy markets are awash with cheap gas from Russia, the US and elsewhere.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.