NewMed Energy L.P. (NWMD)

Overview

NewMed Energy - Limited Partnership is a prominent entity in the field of energy, focusing on the exploration, development, production, and sale of petroleum, natural gas, and condensate within Israel and Cyprus. Holding critical interests in significant projects like Leviathan, Block 12, Yam Tethys, Boujdour Atlantique, and Tanin and Karish, NewMed Energy positions itself as a pivotal player in the energy sector. Originally named Delek Drilling - Limited Partnership, it underwent a rebranding to NewMed Energy in February 2022, reflecting a refreshed strategic direction. With its establishment in 1993 and headquarters located in Herzliya, Israel, NewMed Energy operates as a subsidiary under Delek Energy Systems Ltd. The company extends its services to a diverse clientele, including independent power producers, marketing companies, and industrial customers, alongside exporting natural gas to Jordan and Egypt, underlining its regional influence and commitment to energy provision.

Products and Services

• Petroleum, Natural Gas, and Condensate Exploration and Production
  

  Engaged in the discovery and retrieval of key energy resources, NewMed Energy leverages advanced technology and expertise to navigate the challenges of energy exploration and production. This endeavor supports the energy infrastructure and meets the growing demand within Israel, Cyprus, and beyond.

• Leviathan Project
  

  A cornerstone project, the Leviathan field, located off the coast of Haifa, represents a major source of natural gas, driving energy independence and economic benefits through its extensive reserves.

• Block 12 in Cyprus
  

  This project signifies NewMed Energy's international reach, tapping into the energy potential within Cyprus's exclusive economic zone, further diversifying its portfolio and enhancing energy security in the region.

• Yam Tethys Project
  

  A key development west of Ashkelon, focusing on the extraction of gas from the Mediterranean Sea, reinforcing the company's commitment to fulfilling the energy needs of Israel and its neighbors.

• Boujdour Atlantique
  

  As part of its exploration initiatives, NewMed Energy holds an interest in this expansive license area south of the Moroccan exclusive economic zone, exploring new frontiers in energy provision.

• Tanin and Karish Leases
  

  Located to the west of Nahariya, these leases underscore NewMed Energy's strategic investments in developing energy resources, underscoring its role in bolstering the regional energy landscape.

• Natural Gas Exportation
  

  With a vision beyond local markets, NewMed Energy actively exports natural gas to Jordan and Egypt, illustrating its capabilities and ambition in shaping a sustainable energy future for the Middle East.