Ratio Energies, which has a 15% stake in Israel’s offshore Leviathan gas field, posted impressive Q3 results due to high demand for natural gas from the project. The company reported a quarterly net profit of $45 million, a significant increase from $8 million a year ago, while revenue for the quarter increased by 31% to $106 million. During the quarter, 3 billion cubic meters of…
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Ratio Energies achieved strong Q3 results with 3 BCM of natural gas sold from the Leviathan reservoir, generating an operating income of $70 million and a net income of $45 million, largely thanks to significant sales for export. From the beginning of the year up until the release of the report, a total of 10.4 BCM of natural gas were sold from the reservoir. The…
Read MoreRatio Energies, an Israeli energy company, plans to double its natural gas production capabilities in 2023 by expanding its Leviathan gas processing platform. CEO Yigal Landau emphasized the huge opportunity presented by the high demand for natural gas and the company’s intention to play a major role in the energy market. Despite already having maximized output in 2022, the company achieved 99% production uptime and…
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(Photo: Orel Cohen, Calcalist)
Yigal Landau - Businessman and entrepreneur - Director and General Manager of Ratio Oil Exploration since its establishment.