Yigal Landau: “Ratio Energies report a record year in natural gas sales from Leviathan”

Ratio Energies, a partner in Israel’s Leviathan natural gas reservoir, achieved record revenues of $293 million and an EBITDA of $199 million in 2021, with 10.7 BCM of natural gas sold from the reservoir. The majority of the gas sold, 6.2 BCM, was exported to meet record demand, highlighting Leviathan’s strategic value for international markets. The partnership is currently preparing for expansion. In 2021, Ratio’s net profit amounted to $77 million, with an adjusted net profit (excluding deferred taxes) of $102 million, representing a significant increase in both metrics compared to the previous year.

Leave a Comment