1,651 ILA
32
1.90%
Last update Dec 15, 5:13 PM IST
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Day range
1,651
1,717
Previous close
1,683
Open
1,687
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NewMed Energy L.P.
1,651.00
32
1.90%

Overview

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Description

NewMed Energy L.P. is an energy partnership specializing in the exploration, development, production, and sale of natural gas, petroleum, and condensate. Founded in 1993 and based in Herzliya, Israel, the partnership was originally known as Delek Drilling before rebranding to NewMed Energy in 2022 as it expanded operations and broadened its focus within the region. NewMed Energy holds strategic interests in several significant projects, including the Leviathan gas field off the coast of Israel, Block 12 in Cyprus, and the Boujdour Atlantique license in Morocco. The company’s customer base includes independent power producers, marketing firms, and industrial clients, with natural gas exports extending to neighboring countries such as Jordan and Egypt. In addition to its core hydrocarbon operations, NewMed Energy is increasingly investing in renewable energy and low-carbon initiatives, underscoring a commitment to environmental stewardship and regional collaboration. Through its energy infrastructure and cross-border partnerships, NewMed Energy plays a pivotal role in supporting regional energy security, economic cooperation, and the transition toward more sustainable energy solutions.

About

CEO
Employees
23
Address
19 Abba Even Boulevard
Herzliya Pituach
Herzliya, 4672537
Phone
972 9 971 2424
Instrument type
Limited partnership
Sector
Energy
Industry
Oil & Gas E&P
Country
Israel
MIC code
XTAE
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