Leviathan Expansion From Vision to Execution

The Leviathan Expansion project has officially transitioned from planning to execution. Following the Final Investment Decision (FID), NewMed Energy and its partners are moving forward with a significant expansion of the Mediterranean's largest gas reservoir.

This milestone marks a strategic turning point, aimed at substantially increasing production capacity to 2.1 bcf/d (21bcm/y) from the current 1.4 bcf/d (14bcm/y) and solidifying Leviathan’s position as a central energy anchor for the entire region.

As the leading energy partnership holding a 45.34% stake in the reservoir, NewMed Energy is spearheading the development of infrastructure to meet the growing demand for natural gas in Israel and across the Middle East. This expansion is designed to facilitate increased exports to neighboring countries and potential global markets, leveraging the partnership's professional capabilities and deep regional ties.

Beyond its economic significance, the Expansion project embodies NewMed Energy’s vision of regional collaboration as a bridge to prosperity. This investment enhances regional energy security and aligns with the partnership's commitment to a long-term ESG strategy, aiming to achieve a positive, sustainable impact on the environment and air quality through efficient, low-carbon energy sources.