Energean Israel has signed an agreement with INGL to transport up to one billion cubic meters of gas annually to Egypt through the Nitzana pipeline. The 15-year deal includes options for extension or early termination, with interim access to the Jordan-North pipeline during construction.

The Nitzana pipeline will stretch from Ramat Hovav to the Egyptian border, pending transmission agreements with Energean, Leviathan, and Tamar. Energean Israel will cover 16.4% of construction costs, around $100m, with a $70m loan from Bank Hapoalim to finance the project.

Energean CEO Mathios Rigas emphasized the company’s focus on expanding gas exports from Israeli assets. The agreement aligns with Israel’s energy policy to strengthen the market through optimized gas exports. Additionally, Energean has a non-binding term sheet with an East Mediterranean client for gas sales.

In July 2025, Energean and INA announced an investment decision to develop the Irena gas field off Croatia’s coast. The move underscores Energean’s commitment to regional energy projects and growth opportunities.

Read more at Yahoo Finance: Energean Israel signs transmission deal with INGL to expand gas exports