Energean plc is an international hydrocarbon exploration and production (E&P) company with a primary focus on natural gas. The company's business model centers on the exploration, development, and commercialization of energy reserves, transforming underground resources into saleable hydrocarbons for power generators, gas utilities, and industrial users. Energean's operations are geographically concentrated in the Greater Mediterranean region and the United Kingdom North Sea. The company's flagship assets are the 100%-owned Karish, Karish North, and Tanin fields located offshore Israel, which are developed using the Energean Power Floating Production Storage and Offloading (FPSO) vessel.
Geographically, Israel is the company's largest market, generating approximately 67% of its revenue (around $1.17 billion of its $1.74 billion total revenue). The Europe segment, which includes operations in Greece, Italy, the UK, and Croatia, contributes roughly 21% of revenue, while operations in Egypt account for the remaining 12%. Energean's production mix is highly gas-weighted, with natural gas comprising over 80% of its total output. The company has secured long-term gas sales agreements in Israel, providing highly visible and contracted cash flows. In addition to its core E&P activities, Energean is advancing energy transition initiatives, including the Prinos Carbon Storage project in Greece, which aims to provide carbon capture and storage solutions for industrial emitters in the region.
