The partnership reported receiving preliminary approval from the Ministry of Energy to export an additional 118 bcm of natural gas

The Leviathan partners intend to undertake detailed engineering planning (FEED) in the near future to expand the production system of the Leviathan reservoir as part of Phase 1B of the Leviathan development plan

TEL AVIV, Israel, June 26, 2024 /PRNewswire/ — Ratio Energies partnership (TASE: RATI), which holds 15% of the Leviathan natural gas reservoir, has achieved a significant milestone. The partnership reported receiving a principal permit to export natural gas from the Leviathan field. The permit allows for an additional total quantity of up to 118 BCM, with the possibility of increasing the quantities to 145 BCM under certain conditions, subject to the decision of the professional echelon in the Ministry of Energy. This is the largest export permit ever granted for a natural gas reservoir in Israel.

The Leviathan field, the largest of the existing fields in Israel, contains an estimated 608 BCM of gas. To date, only about 43 BCM have been supplied to the local market and export markets. The expansion of production from Leviathan will be undertaken as part of Phase 1B of the field’s development plan and is expected to increase annual production to approximately 21 BCM.

The partnership, together with Leviathan’s partners, continues negotiations to sign agreements for the sale of natural gas to customers in the local market and for export. These agreements are based on both current production capacity and future production capacity within the framework of the third pipeline project and Phase 1B of the Leviathan development project.

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Yigal Landau, CEO of Ratio Energies: “The Ministry of Energy’s decision to approve additional export quantities of natural gas from the Leviathan field up to 118 bcm is a positive development for the Israeli energy market. The demand for natural gas in Israel and regional markets is growing, and we are prepared to expand production from the Leviathan project accordingly. Expanding production will increase revenues for the country and enhance Israel’s energy security due to additional natural gas available for consumers in Israel. Leviathan’s partners are actively working to promote the field’s expansion and to continue to solidify its position as a strategically important regional gas reservoir.”

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HONG KONG and SHANGHAI, June 26, 2024 /PRNewswire/ — Ping An Asset Management Co., Ltd. (PAAMC) is ranked 33rd in the world in Top 500 Asset Managers 2024 list from Investment & Pensions Europe (IPE), up three spots from last year. It is ranked number 3 in Asia. PAAMC, established in 2005, is a subsidiary of Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318).

This is the fifth consecutive year PAAMC has been on the list, and fourth consecutive year in the top 50. Entrusted with Ping An’s insurance funds, PAAMC provides comprehensive third-party asset management services and one-stop investment management solutions to domestic and overseas customers. As of December 31, 2023, PAAMC’s assets under management (AUM) amounted to RMB5.03 trillion. In 2023, PAAMC became a signatory of the UN-supported Principles for Responsible Investment (PRI) in the Investment Manager category.

Jacqueline Zhang, Deputy General Manager of PAAMC, said: “This ranking not only helps asset owners such as global pension funds to understand Chinese asset management companies and consider asset allocations in the Chinese market, but also opens the door for cross border cooperation between international asset management companies and Chinese companies. As a comprehensive asset management company with both global perspective and local experience, PAAMC will continue to benchmark itself against top international standards, provide professional and high-quality asset management solutions to customers and partners around the world, and contribute to the long-term prosperity and development of China’s capital market.”

There are 52 Chinese asset management companies included in this year’s IPE ranking, with a total AUM of RMB72.4 trillion as of the end of 2023. The increasing number of Chinese companies and AUM show the strong growth of China’s asset management industry.

IPE is a London-headquartered international media company focusing on institutional investors and pension management. It has earned a strong reputation among global institutional investors and pension fund managers. Each year, IPE assesses insurance, asset management, wealth management subsidiaries and fund management companies around the world and issues reports based on research and publicly available market data. Their reports are seen as the benchmark of the global asset management industry.

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ZHONGSHAN, China, June 26, 2024 /PRNewswire/ — In a bid to highlight innovative antenna solutions, Tongyu Communication Inc. (XSHE: 002792) has announced its presence at the 2024 Shanghai World Mobile Communications. This highly anticipated event, taking place from June 26th to 28th, will feature Tongyu’s latest solutions at booth N1-D110.

With a reputation for delivering cutting-edge communication solutions, Tongyu Communication remains at the forefront of technology with its newest Taurus platform. Among the highlights at the exhibition will be the 2L4H multi-frequency antenna and 2L2H+TDD beamforming antenna, both utilizing the Taurus platform. These antennas have been designed to enhance the energy efficiency and operational effectiveness of mobile networks, taking performance to new heights. Designed for 4G and 5G networks, the 2L4H multi-frequency antenna and 2L2H+TDD beamforming antenna offer a hybrid solution that integrates active and passive (A+P) elements, eliminating the need for additional tower space.

In addition to these advanced antenna solutions, Tongyu Communication is proud to showcase the AFU MIMO antenna. This groundbreaking solution delivers unparalleled performance and capacity for advanced wireless communication. The company will also present its green antenna at the exhibition, featuring eco-friendly materials in line with environmental requirements. Attendees can also expect to see the satellite antenna solutions. The ZL60P-E terminal satellite antenna stands out with its foldable design, compact size, and lightweight construction, addressing the portability limitations of traditional satellite antennas.

By showcasing its latest innovations at the Shanghai MWC 2024, Tongyu Communication is reinforcing its commitment to driving advancements in the mobile communications industry. The company is dedicated to developing next-generation, high-efficiency, and high-performance base station antenna products. Additionally, Tongyu Communication has strategically embarked on research and development in the millimeter-wave and 6G antenna fields. With a focus on expanding its presence in overseas markets, the company will continue to invest in global resources to enhance the competitiveness of its products.

About Tongyu Communication

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Tongyu Communication Inc. was founded in 1996, specializing in the research, development, manufacturing, sales, and service of mobile communication antennas, radio frequency devices, and optical modules. With production bases in China, subsidiaries and branches in Europe and several locations around the globe Tongyu Communication has established a robust global presence. The company is committed to providing advanced solutions and driving technological advancements in the mobile communication industry.

For more information, please visit https://www.tongyucom.com

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