NewMed Energy Cancels $6.7 Billion Gas Deal with Dalia Energies
Summarized from The Jerusalem Post by baba
NewMed Energy and Ratio have canceled a $6.7 billion gas supply deal with Dalia Energies, citing approval delays. Dalia Energies disputes the cancellation, claiming all terms were met and vowing legal action. The deal involved gas from the Leviathan field, and its cancellation may be linked to global market changes.
The story in 5 lines · by baba
- NewMed Energy and Ratio canceled a $6.7 billion gas deal with Dalia Energies.
- Yitzhak Tshuva, controlling shareholder of Delek Group, is linked to the cancellation.
- Dalia Energies disputes the cancellation, citing timely approvals and vowing legal action.
- The deal involved gas from the Leviathan field starting in 2030.
- Market estimates suggest global gas market changes may have influenced the decision.
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