Newmed Energy-limited Partnership, IL0004750209

NewMed Energy cancels USD 6.70 billion deal: what it means for NewMed Energy stock

Published on 10/19/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The dispute concerns a 20-year gas supply agreement. NewMed Energy stock centers on a 45.30 percent Leviathan interest offshore.

Contract dispute and operating exposure

NewMed reiterated the cancellation of a USD 6.70 billion agreement on October 7, 2026.
Leviathan represents a 45.30 percent working interest for NewMed Energy.
NewMed Energy stock was last quoted at ILA 1,651.00 on October 19, 2026 at 10:13 a.m. IDT.
The next earnings report is scheduled for November 12, 2026.

Newmed Energy-limited Partnership, IL0004750209, Illustration mit AI erstellt.

NewMed Energy-limited Partnership (ISIN IL0004750209) holds a 45.30 percent working interest in the Leviathan gas field, making the disputed contract material to its regional gas business. On October 7, 2026, Globes reported that NewMed continued to treat the USD 6.70 billion agreement with Dalia Energy as canceled.

Deal dispute carries USD 6.70 billion

The agreement was designed to supply gas to two Dalia power stations for 20 years. The Competition Authority ultimately approved the deal, but NewMed maintained that contractual preconditions had not been met in time, while Dalia said the agreement remained in force, according to Globes.

The companys investor-relations page lists the termination report dated October 7, 2026 and identifies the second-quarter 2026 report as published on August 13, 2026. It also describes production cash flow as supporting returns and business development across the Mediterranean region.

What does the dispute mean for exposure?

NewMed's asset base remains concentrated in Leviathan, but its portfolio also includes a 30.00 percent interest in the Aphrodite gas field offshore Cyprus. PR Newswire reported this portfolio detail on September 23, 2026 while announcing a collaboration with GeoIntelX on exploration data.

TASE quote and next reporting date

NewMed Energy was last quoted at ILA 1,651.00 on the Tel Aviv Stock Exchange on October 19, 2026 at 10:13 a.m. IDT. The same quote context places the previous closing level at ILA 1,649.00 on October 16, 2026, while the available 52-week range was ILA 1,534.00 to ILA 2,290.00. TradingView lists November 12, 2026 as the next earnings report date.