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UK's Energean suspends production offshore Northern Israel
Published by Global Banking & Finance Review®
Posted on June 13, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 13, 2025
1 min readLast updated: January 23, 2026
Energean has suspended its offshore production in Northern Israel due to rising geopolitical tensions in the Middle East, significantly impacting its output.
(Reuters) -British gas producer Energean said on Friday it has temporarily suspended the production and activities of its power floating production storage and offloading (FPSO) located offshore Northern Israel due to the geopolitical escalation in the Middle East.
Israel launched widescale strikes against Iran on Friday, prompting a retaliation from Iran.
The company, which has operations in Israel, Egypt, and European countries, said it got a notice from Israel's Ministry of Energy and Infrastructure ordering the suspension.
"All production activities have now been temporarily suspended and notices have been issued to Energean's customers and other stakeholders," the company said in a statement.
A spokesperson for Energean said the power FPSO contributes a "significant" amount to the group's total output.
Shares in Energean were down 6.9% at 0808 GMT.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala)
Energean suspended its production activities following a notice from Israel's Ministry of Energy and Infrastructure.
The power FPSO contributes a 'significant' amount to Energean's total output, according to a spokesperson for the company.
Shares in Energean were down 6.9% shortly after the announcement was made.
The suspension came amid widescale strikes launched by Israel against Iran, which prompted a retaliation from Iran.
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