Energean gets go-ahead to restart Power FPSO in Israel

(Sharecast News) - Energean confirmed on Wednesday that it has received approval from Israel's Ministry of Energy and Infrastructure to restart production at its Energean Power floating production storage and offloading (FPSO) vessel. The FTSE 250 company said it was now working to safely resume operations in line with its standard operating procedures.

"I want to thank the entire team for their dedication and professionalism during this uniquely challenging time," said chief executive Mathios Rigas.

"We look forward to bringing production safely back online, in full coordination with the authorities, to deliver energy security to Israel and the broader region."

At 1009 BST, shares in Energean were down 0.45% at 891p.

Reporting by Josh White for Sharecast.com.