LNG

NewMed Energy, the Israeli company with stakes in the East Mediterranean gas fields of Tamar and Leviathan offshore Israel and with LNG export ambitions, has published its annual results showing pipeline gas continued to flow to the Israeli domestic market and to Egypt and Jordan even after the outbreak of war in Gaza in October 2023.

Chevron Corp., the LNG operator in Australia and Africa, reported a more than four-fold jump in first-quarter earnings of $6.3 billion compared with $1.4Bln in the first three months of 2021 as more revenues came from LNG plants in Australia and Africa.

The third ministerial meeting of energy ministers is taking place of the 42-nation Union for the Mediterranean (UfM) and what is the biggest regional gathering of natural gas and LNG importers, exporters and developers.

Delek Group, the Israeli company with key East Mediterranean natural gas assets, said the Leviathan gas field offshore Israel was regularly producing high volumes for export to Egypt and Jordan and planned to boost the flow amid regional advances in LNG projects.

Delek Group of Israel, the company with stakes in the huge Leviathan field in the Eastern Mediterranean set to come on stream to supply Egypt and regional buyers and with LNG output plans, said its Ithaca Energy subsidiary completed the purchase of the UK North Sea oil and natural gas assets from Chevron Corp. for around $2 billion.

Delek Group of Israel and Noble Energy of the US have completed their acquisition of a stake and reverse capacity on the East Mediterranean Gas (EMG) pipeline from Arish in Egypt’s Sinai Peninsula to Askelon in Israel as part of an agreement to supply Dolphinus Holdings of Egypt from the Israeli Leviathan natural gas field.