Former Israel Land Authority Director Yanky Kuint to Chair NewMed Energy
Translated & summarized from Ice by baba
Yanky Kuint, former Director of the Israel Land Authority, will become the new Chairman of the gas partnership NewMed Energy, effective November 1. NewMed Energy, controlled by Yitzhak Tshuva's Delek Group, holds a major stake in the Leviathan gas field. Kuint's appointment follows recent leadership changes within the company and comes as NewMed plans to expand production and new export deals.
The story in 5 lines · by baba
- Yanky Kuint, former Israel Land Authority Director, appointed Chairman of NewMed Energy.
- NewMed Energy is a dominant player in the regional energy market, holding a 45% stake in the Leviathan gas field.
- Kuint's appointment follows recent leadership shifts, including the previous chairman moving to CEO.
- The move occurs during critical expansion plans for the Leviathan field and new export agreements.
- Kuint brings extensive experience from managing state assets and government corporations.
Yanky Kuint, a prominent figure in Israeli public service for the past decade, is transitioning to the private sector. Kuint, who recently served as the Director of the Israel Land Authority (ILA) and previously headed the Government Companies Authority, is set to be appointed Chairman of the gas partnership NewMed Energy. He is expected to assume his new role in Israel's energy industry leadership on November 1.
NewMed Energy, controlled by businessman Yitzhak Tshuva's Delek Group, is a dominant player in the regional energy market. The company holds a significant 45% stake in the Leviathan gas field, crucial for Israel's electricity supply and regional exports to Egypt and Jordan. NewMed is also a key partner in developing the Aphrodite field near Cyprus.
Kuint's appointment comes at a critical time for the sector, with plans to expand production at Leviathan and advance new export agreements. The move follows a period of significant organizational change at NewMed Energy. In June, Niv Sarne was appointed chairman, but after only two months, he was unexpectedly moved to the CEO position following the departure of long-time CEO Yossi Abu. This left the chairman position vacant, prompting Delek Group to seek a figure with substantial public and managerial weight.
Kuint, 53, is highly regarded in the economic sphere and possesses intimate knowledge of government and regulatory processes. He led the ILA from 2020 to 2025, managing land marketing during turbulent economic periods. Before that, from 2017 to 2020, he headed the Government Companies Authority, overseeing dozens of corporations and complex privatization initiatives. He holds degrees in law and economics, and an MBA from Bar-Ilan University.
Joining Yitzhak Tshuva's gas empire, Kuint is making a significant shift from managing state assets to leading one of the Middle East's most vital infrastructure and energy assets, marking a new era for the partnership. Kuint stated, "NewMed Energy is a leading energy partnership that revolutionized natural gas in Israel and contributes immensely to the energy sector and the Israeli economy. Together with the board and the professional management, we will continue to advance the partnership's activities, realize the potential of its assets, and achieve new successes that will bring value to shareholders."
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