Company Performance Metrics
- Yossi Abu: CEO
- Zvi Karcz: VP for Exploration and Chief Geologist
NewMed Energy is Israel’s leading energy partnership in the exploration, development, production and sale of natural gas and condensate. The partnership previously named “Delek Drilling” is a subsidiary of the Delek Group.
NewMed Energy’s home court is the Eastern Mediterranean, where it has initiated the natural gas sector in Israel, and made
history with its unprecedented agreements with Egypt, Jordan and the UAE which strengthened peace and increased stability in the Middle East. NewMed Energy has been a key partner in almost every gas discovery made in the last thirty years in Israel’s EEZ, and in the first natural gas discovery made in Cyprus’s EEZ.
NewMed Energy holds 45.34% of the Leviathan Reservoir, the largest gas reservoir in the Mediterranean, the Leviathan gas production serves as a key source of energy for the State of Israel and the countries of the region.
In accordance with its strategic policy, in the coming years NewMed Energy will invest in the development of new technologies to produce energy from alternative sources: production of blue hydrogen alongside carbon capture and storage, promotion of renewable energy projects, and more.
