NewMed Energy Overview
NewMed Energy is a natural gas company in Israel. NewMed Energy has been a partner in several major gas discoveries in the Eastern Mediterranean including Leviathan, the largest deepwater discovery in the world at that time at 621 billion cubic meters; Tamar (306 billion cubic meters); Aphrodite in Cyprus (129 billion cubic meters); and others. Tamar provides more than 50% of Israel's electricity production. The NewMed Energy partnership is a subsidiary partnership of the Delek Group.
Latest News
BP teams up with Abu Dhabi oil group in bid for Israel's NewMed
growth-positive
The East Med Energy Report, Issue 5 - Middle East Strategic Perspectives
The Israeli Energy Ministry has approved a new route for Israeli gas exports to Egypt via Jordan. Israeli exports to Egypt are set to increase, but the current transmission system is unable to accommodate the volumes. A new offshore pipeline will be laid to enable the export of natural gas to Egypt. In the meantime, gas from Leviathan will flow through the Israeli transmission system to Jordan before reaching Egypt. This new route is expected to increase exports to 2.5-3 bcm in 2022. The U.S. has submitted a maritime border proposal to Lebanon to settle the dispute with Israel. Delek Drilling has rebranded as NewMed Energy and plans to expand its activities to include alternative energies. The East Mediterranean Gas Forum and the Boston Consulting Group are pursuing cooperation on the Forums long-term strategy. The U.S. and Egypt have launched a Climate Working Group. Israel Electric Corp and Energroup have signed an MoU to develop hydrogen projects in Israel.
PartnersCustomers
http://www.dailystar.com.lb/business/regional/2019/mar-27/479749-israeli-gas-partners-in-talks-to-boost-supply-to-egypt.ashx
growth-positive
Israeli energy firms Delek Drilling, Avner Oil to finally merge
Delek Drilling and Avner Oil, subsidiaries of Delek Group, have completed a merger and will begin trading as one company. The new entity, named Delek Drilling, will have a market value of about 16 billion shekels ($4.4 billion). Delek Group owns major stakes in the Israeli offshore natural gas fields Tamar and Leviathan through Delek Drilling and Avner Oil. Delek Drilling also announced the start of exports from Tamar to Jordan. The companies combined net profit in the first quarter increased by 23 percent compared to the previous year.
AcquisitionPublic Trading
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Mature |
| Rounds | 0 |
| Investors | 0 |
Team Members
0
Employees: 51-200
Web & Social Links
| Website | www.delekdrilling.co.il/en |
Locations
Herzliya, Israel
Photos & Videos
2 item(s)
NewMed Energy Business
Business models
B2B2C, B2B, B2C, B2G
Product stage
Released
Employees
51-200
Sector
—Target Customer
—Core Technology
—Tags (4)
oil-and-gas-companiesenergyoil-and-gas-companiesnatural-gasGeographic Markets
EgyptJordanIsraelNewMed Energy Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Mature
Funding stage
0
Total rounds
0
Investors
NewMed Energy Lifecycle
NewMed Energy News
4 articlesBP teams up with Abu Dhabi oil group in bid for Israel's NewMed
growth-positive
The East Med Energy Report, Issue 5 - Middle East Strategic Perspectives
The Israeli Energy Ministry has approved a new route for Israeli gas exports to Egypt via Jordan. Israeli exports to Egypt are set to increase, but the current transmission system is unable to accommodate the volumes. A new offshore pipeline will be laid to enable the export of natural gas to Egypt. In the meantime, gas from Leviathan will flow through the Israeli transmission system to Jordan before reaching Egypt. This new route is expected to increase exports to 2.5-3 bcm in 2022. The U.S. has submitted a maritime border proposal to Lebanon to settle the dispute with Israel. Delek Drilling has rebranded as NewMed Energy and plans to expand its activities to include alternative energies. The East Mediterranean Gas Forum and the Boston Consulting Group are pursuing cooperation on the Forums long-term strategy. The U.S. and Egypt have launched a Climate Working Group. Israel Electric Corp and Energroup have signed an MoU to develop hydrogen projects in Israel.
PartnersCustomers
http://www.dailystar.com.lb/business/regional/2019/mar-27/479749-israeli-gas-partners-in-talks-to-boost-supply-to-egypt.ashx
growth-positive
Israeli energy firms Delek Drilling, Avner Oil to finally merge
Delek Drilling and Avner Oil, subsidiaries of Delek Group, have completed a merger and will begin trading as one company. The new entity, named Delek Drilling, will have a market value of about 16 billion shekels ($4.4 billion). Delek Group owns major stakes in the Israeli offshore natural gas fields Tamar and Leviathan through Delek Drilling and Avner Oil. Delek Drilling also announced the start of exports from Tamar to Jordan. The companies combined net profit in the first quarter increased by 23 percent compared to the previous year.
AcquisitionPublic Trading
NewMed Energy Team
No team members listed.
Employee Info
| Employees (range) | 51-200 |
| Exact count | 100 |
| Team members | 1 |
Similar Companies
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NewMed Energy Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 94/100 |
| Missing | funding rounds |
| BI Verification | Jenny Sotnik-Talisman |
| Phone | +97299712424 |
| Creator | Shir Levy |
| Creator email | shir@sorezki.com |
| Last updater | Maor Perlov |
| Updater email | maorperlov@gmail.com |
| Last update | 2019-07-01T00:00:00.000Z |
| Created | 2019-04-15T00:00:00.000Z |
| Claimed | Yes |
| Hidden | The company is a service provider (visible: 0) |