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ISRAEL AT WAR - DAY 650

NewMed Energy

A view of the Leviathan natural gas processing rig from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90)
March 10, 2025, 6:44 pm
Israel and Azerbaijan’s state oil firm set to seal plan for offshore gas exploration
Azerbaijan’s SOCAR along with Israel’s NewMed Energy and British oil and gas company BP win natural gas exploration licenses for blocks in proximity to the Leviathan reservoir
By Sharon Wrobel
View of the Israeli Leviathan natural gas field gas processing rig as seen from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90/File)
October 7, 2024, 6:53 pm
Chevron suspends work on expansion of Leviathan gas field due to the escalating war
Operator of Israel’s offshore reservoir halts infrastructure plans until April 2025; construction was intended to boost production for export and domestic supply
By Sharon Wrobel
Illustrative: People on a beach as a drilling platform is seen in the background outside from Larnaca port, in the eastern Mediterranean island of Cyprus, October 15, 2017. (Petros Karadjias/AP)
September 1, 2024, 4:51 pm
Israel’s NewMed and partners submit $4b plan for Aphrodite gas field off Cyprus
Partners in the field seek to supply natural gas from the Aphrodite field to the domestic market in Cyprus, and to export natural gas by pipeline to other markets, including Egypt
By Sharon Wrobel
The Leviathan natural gas platform off the shore of Israel. (Albatross)
June 26, 2024, 5:01 pm
Israel grants initial approval for additional gas exports from Leviathan reservoir
Energy minister says that more than doubling the quantity of natural gas exports will boost state revenue and improve diplomatic ties, while domestic energy needs will be secured
By Sharon Wrobel
View of the Israeli Leviathan natural gas field gas processing rig as seen from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90/File)
October 29, 2023, 11:54 pm
Amid ongoing war, BP and Eni among firms awarded gas exploration licenses in Israel
Energy Ministry says a total of 12 licenses have been given to six companies, four of which are new players in the exploration of natural gas off the country’s Mediterranean coast
By Sharon Wrobel
View of the Israeli Leviathan natural gas field gas processing rig as seen from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90/File)
July 2, 2023, 6:58 pm
Energy companies to build third pipeline from Israel’s Leviathan gas field
NewMed Energy, Chevron Mediterranean Limited and Ratio Energies teaming up on plan to boost production capacity from about 12 billion to 14 billion cubic meters per year
By AFP
Illustrative: People on a beach as a drilling platform is seen in the background outside from Larnaca port, in the eastern Mediterranean island of Cyprus, October 15, 2017. (Petros Karadjias/AP)
May 31, 2023, 3:02 pm
Israel’s NewMed and partners to connect the Aphrodite gas field off Cyprus to Egypt
New development plan presented for approval to Cypriot government is expected to cut costs and bring forward production start of natural gas from the reservoir
By Sharon Wrobel
Illustrative: Stena drilling ship. (NewMed Energy)
May 7, 2023, 8:05 pm
Israel’s NewMed Energy and partners begin drilling at Aphrodite gas field off Cyprus
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
By Sharon Wrobel
The Leviathan natural gas platform off the shore of Israel. (Albatross)
March 28, 2023, 3:14 pm
UK’s BP teams up with Abu Dhabi state oil group to buy 50% of Israel’s NewMed Energy
Offer values NewMed, a key stakeholder in Israel’s Leviathan offshore gas field, at about NIS 14.1b ($4b); tentative deal is called a ‘testament’ to Israel-UAE ties
By Sharon Wrobel
Israel's offshore Leviathan gas platform. (Albatross)
March 19, 2023, 4:38 pm
Leviathan group, in push to boost gas output, updates reservoir value to $12.5b
Sales from offshore gas reservoir in 2022 rise to $2.5 billion; partners have plans to increase annual gas supply by about 2 BCM with new subsea pipeline expected in 2025
By Sharon Wrobel
Illustrative: The Tamar gas field. (NewMed Energy/Delek Drilling)
December 6, 2022, 6:50 pm
Israeli energy firm signs joint natural gas exploration deal with Morocco
Israel’s NewMed and Adarco Energy each awarded 37.5% stake in Boujdour Atlantique, with license for 8 years; Morocco to get remaining share
By ToI Staff and Sharon Wrobel
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