Leviathan partners ink $650 million natural gas deal to supply Eshkol power plant

Partners in Israel’s Leviathan reservoir have inked an agreement to supply natural gas from the field off the Mediterranean coast to Eshkol Power Energies, in a deal worth $650 million.

The deal comes after state-owned Israel Electric Corp at the end of 2023 sold its Ashdod-based Eshkol power station to Eshkol Power Energies, a private consortium between local partners including local electricity producer Dalia Power Energies, for about NIS 9 billion ($2.45 billion).

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