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Gas Firm Energean Raises Capex as Projects in Israel Advance
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Why This Matters
Energean has raised its capital expenditure guidance in Israel due to the inclusion of a new pipeline and early achievement of milestones at the Katlan offshore project, increasing capex to $480-$500 million.
Market Impact
Market impact analysis based on bullish sentiment with 82% confidence.
Sentiment
Bullish
AI Confidence
82%
Article Context
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UK-based gas producer Energean, focused on production and projects in the eastern Mediterranean, has raised its development and production expenditure guidance in Israel to reflect plans for a new pipeline and early achievement of milestones at the Katlan offshore project. Energean’s capex in Israel is now forecast to be $480 million-$500 million, up from $380 million-400 million previously expected, the London-listed company said in a trading update on Wednesday. The increase reflects inclusion of the Nitzana pipeline…
Original article published by
OilPrice.com
on November 26, 2025.
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