Core Insights - Energean secured $4 billion in new long-term Israeli gas offtake contracts in H1 2025, significantly increasing its contract pipeline to $20 billion over the next two decades [1][6] Financial Performance - Despite securing new contracts, Energean's financial performance in H1 2025 was impacted by operational challenges, including a planned shutdown and government-mandated production suspension [2] - The company reported an 11% decline in core profit for the six months leading up to June 30, while after-tax profit increased by nearly 24% [3] - Adjusted EBITDAX was $505 million, with after-tax profit reaching $110 million [3] Production Forecast - Energean revised its production forecast for the year, now expecting production to range between 145,000 boepd and 155,000 boepd, down from the previous estimate of 155,000 boepd to 165,000 boepd [4] - The company is exploring further gas reserves in Egypt, estimating an additional three trillion cubic feet beneath existing platforms [4] Future Developments - Energean is considering drilling into untapped formations in deep Mesozoic rocks in Block 23 offshore Israel, which could open new opportunities in the East Mediterranean [4] - The company anticipates producing up to two billion cubic meters a year from its Katlan field off Israel, set to begin production in 2027, with output to be transported via the proposed Nitzana pipeline to Egypt [5]