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Sustainable Development Goals

NewMed Energy is committed to and promotes Sustainable Development Goals in its business operations, as guided by the UN:

Quality Education

NewMed Energy promotes learning, training, and research programs in elementary schools, colleges and universities throughout Israel, with an emphasis on periphery regions.

Affordable and Clean Energy

Recently, following the amendment of the TASE Rules with respect to partnerships engaged in oil and gas exploration, NewMed energy is examining investments in areas of renewable energy, low carbon and alternative energy.

Decent Work and Economic Growth

The Partnership works to protect its employees' rights, and provides a safe work environment.

Industry, Innovation and Infrastructure

NewMed Energy, the leading partnership in Israel for natural gas exploration, enables the development of essential energy infrastructure for private consumers, industry, and the Israeli economy in general. The development and establishment of the energy infrastructure leads to huge savings for the economy, the strengthening of Israel's energy security, and the improvement of air quality.

Climate Action

Currently, natural gas is used in the production of approx. 70% of the total power produced in Israel, and is a substitute for distillates (fuel oil, diesel, LPG). Natural gas enables a gradual transition from using imported polluting fossil fuels to using renewable energies, while maintaining the reliability of the power supply and continually reducing the environmental footprint.

Life Below Water

As part of the environmental policy adopted by the operator of NewMed Energy's projects, risk management processes are implemented in order to decrease or entirely avoid impacting wildlife, natural habitats, and ecosystems. These processes are implemented and optimized in accordance with the best standards and practices in the world, throughout all project stages.

Partnerships for The Goals

NewMed Energy promotes regional and international collaborations, including in the area of environmental protection. NewMed Energy is active in the environmental advisory committee of the East Mediterranean Gas Forum (EMGF), and it is the first Israeli partnership in the Global Carbon Capture and Storage Institute (GCCSI), a non-profit organization promoting initiatives to reduce the concentration of carbon dioxide in the atmosphere, mainly by carbon capture, utilization, and storage (CCUS).

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