Israel’s Ratio Energies reported a drop in third-quarter profit and said production at the huge offshore Leviathan field has been consistent, despite disruptions elsewhere during Israel’s bombardment of Gaza, Reuters reports.
Shortly after October 7, production at another Israeli field, Tamar, was halted and gas exports to Egypt through the regular EMG pipeline were suspended.
As a result, Ratio said, “the amount of gas produced by the Leviathan reservoir and directed to the local market increased significantly, ensuring a steady supply to the local industry, alongside regular gas flow to Jordan and a reduction in the quantities sold to Egypt”.
“The Leviathan reservoir continued to produce gas consistently throughout this period, and the partnership has not experienced any adverse impact on revenue and profitability so far,” it said.
