For the first time in the history of Israeli oil & gas production, hydrocarbon liquids will be exported to global markets.
Utilising the regionally unique liquids storage and offloading capability of the FPSO "Energean Power", the liquids are offloaded in a controlled manner and sold into various global markets.
This creates a significant differentiated income stream, fundamentally separate to gas derived
revenues. The cargo has been sold as part of a multi cargo marketing agreement with Vitol; the
first of a new source of East Med energy to reach Europe.
