The Jerusalem PostEconomy
Israel Approves $6.7 Billion Leviathan Gas Deal for Dalia Power
Summarized from The Jerusalem Post by baba
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Competition Commissioner Michal Cohen approved a $6.7 billion natural gas deal between Dalia Power and Leviathan field partners NewMed Energy and Ratio Energies. The agreement, signed May 19, 2026, will supply gas to two new power plants starting January 1, 2030. The deal was approved unconditionally, with the commissioner finding it would not harm competition, though a secondary trading restriction clause requires further assessment by the parties.
The story in 6 lines · by baba
- Competition Commissioner Michal Cohen approved a $6.7 billion natural gas deal for the Leviathan reservoir.
- The agreement is between Dalia Power Energies Ltd. and Leviathan partners NewMed Energy and Ratio Energies.
- Gas supply to two new power plants will begin on January 1, 2030, for 20 years.
- The deal involves supplying approximately 1.3 to 1.7 BCM of gas annually.
- The commissioner found the agreement would not significantly harm competition.
- A clause restricting Dalia from selling gas to third parties requires further self-assessment.
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