619

BCM Natural Gas (100%)

1.3

BCF/day

48

million Bbl condensate (100%)

2007

The vision of Ratio’s Chief Geologist, Eitan Aizenberg, along with the Landau and Rotlevy families, for discoveries in Israel’s deep waters, led Ratio to seek the preliminary permit “Ratio Yam.”

2008

Noble Energy joined as the operator, along with the Delek Drilling and Avner partnerships, to the preliminary permit, which later became the “Amit,” “Rachel,” “Eran,” “David,” and “Hannah” licenses.

2010

The Leviathan discovery was announced: 22 TCF of natural gas and 48 million barrels of condensate.

2017

Together with our Leviathan partners, commit to a transformative $3.75 billion investment in the Leviathan project, targeting gas production by end-2019.

2019

The development project was completed, including:

  • 4 wells.
  • A platform located about 10 km from Dor Beach, capable of producing 1.2 billion cubic feet of gas per day.
  • Two subsea pipelines, approximately 115 km long, for transporting gas from the wells to the platform.

2020

Commencement of gas sales to local and regional markets.

2023

The completion of drilling an additional production well, as part of preparations to increase capacity.

2025: Enhanced Production Capacity

With the completion a 3rd gathering line, we anticipate reaching a production capacity of approximately 1.4 bcf per day from Leviathan

Phase 1B (2028-2029): Strategic Expansion

Our comprehensive development plan includes:

  • Expanding production capacity to approximately 21 BCM per year (about 2.1 bcf per day)
  • Strengthening our position as a reliable natural gas supplier to Israeli, regional, and global markets
  • Developing and expanding regional transmission infrastructure
  • Implementing advanced technical and engineering improvements to platform and subsea operations
  • Establishing new commercial partnerships through strategic gas marketing agreements

Israel’s demand for natural gas is expected to grow significantly during the current decade

1

Continued growth in electricity demand

2

Reduction of coal usage for electricity generationfollowing the Ministry of Energy’s decision to terminate the use of coal by 2025

3

Transition of industrial plants to natural gas usage

4

Transition of the transportation sector to G and electricity usages

5

Special projects such as desalination plants, railway electrification, petrochemical projects, etc

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Ronit Rinder - independent External Director

Serves as an independent External Director since September 2022. Member of audit and finance and compensation committees. Served as deputy to the internal auditor at Bank Leumi and as the internal auditor of the bank’s subsidiaries. Between 2015-2020, she served as the head of Bank Leumi’s assets, construction, procurement and logistics. As of 2019, she serves as the chairman of “Ezerat Ahim”, a public benefit company. She has a B.A in economics and accounting from Bar Ilan University.

Galia Maor – External Director

Ms. Maor has served as an External Director since June 2021. She is a member of the Audit And Finance Committees, As well As The Compensation, Investments And Donations Committees. Galia Maor served as president and CEO of The Leumi Group between 1995-2012, after serving as Deputy CEO between 1991-1995. Between 1963 -1989, she worked at The Bank Of Israel, where she served In management roles, Including the role of Bank Supervisor. Ms. Maor Serves as a board member of the Strauss-Group, and as a council member of the Open University Of Israel, as well as several other NPOs. Galia Maor holds a B.A In Economics and Statistics and an MBA from The Hebrew University.

Yekutiel Gavish – Director

Since 2005, Mr. Gavish Has Served As A Director And As A Member Of The Investments, Audit, Compensation And Finance Committees. He Also Serves As A Director In Several Other Private And Public Companies, Including REIT 1 Ltd., Tafnit Discount Investment Portfolio Management And More. His Previous Positions Include Chairman Of The Board Of Directors Of Tamir Fishman Underwriting Ltd., Co-CEO And Member Of The Board Of Directors Of Quality Capital Markets Ltd., Deputy CEO Of Poalim Capital Markets Ltd., And A Director At Bank Yahav And Halman Aldubi Provident And Pension Funds Ltd. Yekutiel Holds A B.A In Agricultural Economics From The Hebrew University Of Jerusalem.

Tamar Ciehanover – External Director

Since 2015, Ms. Ciehanover Has Served As An External Director And As A Member Of The Audit, Compensation And Finance Committees. She Is The CEO Of A Consulting Firm Advising Multinational Companies And Start-Ups And A Director At Discount Capital Markets Ltd. Tamar Holds An LL.B. From Bar -Ilan University And An MBA From Columbia University In The Unites States.

Yuval Landau – Director

One Of The Founders Of Ratio, Yuval Landau Has Served As A Director Since 2008. He Also Serves As A Director In Ratio Finance And Ratio Petroleum Energy Limited Partnership And As A Director Of Several Other Private And Public Companies, Including ProSeed Venture Capital Fund Ltd. And As Investment Manager At Hiram-Landau Ltd. Yuval Holds A B.A In Economics And Management From The Technion And An MBA From The Ono Academic College.

Yigal Landau – CEO and one of the Founders of Ratio

One Of The Founders Of Ratio, Yigal Landau Has Served As A Director Since 1992. He Is The CEO Of The General Partner – Ratio Oil Exploration Ltd. He Also Serves As director in Ratio Petroleum Energy Limited Partnership and Several Other Private And Public Companies

Private And Public Companies, Including ProSeed Venture Capital Fund Ltd. And Inbal Natural Gas And Fertilizer Industries Ltd. He Is The CEO Of Hiram-Landau Ltd., And A Member Of The Board Of Trustees At Ariel University. Yigal Holds A B.SC From The Technion And An MBA From Tel Aviv University.

Yair Rotlevy – Director

One Of The Founders Of Ratio, Yair Rotlevy Has Served As A Director Since 1999. He Also Serves As A Director In Ratio Finance And Ratio Petroleum Energy Limited Partnership, And As A Director In Several Other Private And Public Companies, Including D.L.I.N. Ltd., Lodzia Rotex Investments Ltd., Argaman Industries Ltd. (Chairman), Inbal Natural Gas And Fertilizer Industries Ltd., And ProSeed Venture Capital Fund Ltd. He Is The CEO Of Lodzia Rotex Investments Ltd. Yair Holds A B.A In Economics From Tel Aviv University And A B.A. In Sociology From The Hebrew University Of Jerusalem.

Ligad Rotlevy – Chairman of the Board

One Of The Founders Of Ratio, Ligad Rotlevy Has Served As A Director Since 1992 And As Chairman Of The Board Of Directors Since 2008. He Also Serves As Chairman Of The Board Of Directors Of Ratio Finance And Ratio Petroleum Energy Limited Partnership, And As A Director Of Several Other Private And Public Companies, Including Argaman Industries Ltd., Lodzia Rotex Investments Ltd., Rotex (1980) Ltd., Tools Development Ltd., ProSeed Venture Capital Fund Ltd. (Chairman), And SpaceCom Satellite Communications Ltd. Ligad Holds A B.A. In Computer Science And Exact Sciences From Tel Aviv University, And An MBA (International Finance) From UHBS University.