developing· Economy· Updated
Ex-Israel Land Authority Chief Kuint Appointed Chairman of NewMed Energy
Yaakov (Yanki) Kuint, the former Director General of the Israel Land Authority, has been appointed chairman of the board of directors of NewMed Energy. Kuint, who will assume his new role on November 1, 2026, replaces Niv Sarana, who recently transitioned to become the company's CEO.
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What happened
- 01Yaakov (Yanki) Kuint has been appointed chairman of NewMed Energy, effective November 1, 2026.
- 02Kuint previously served as Director General of the Israel Land Authority and Director of the Government Companies Authority.
- 03NewMed Energy holds a 45% stake in the Leviathan gas field and is controlled by Yitzhak Tshuva's Delek Group.
- 04Niv Sarana, who served as chairman for only two months, has transitioned to become the CEO of NewMed Energy.
- 05The leadership transition follows the departure of long-time CEO Yossi Abu, who announced his exit in early May.
- 06NewMed Energy is currently heading to arbitration in London over a canceled $6.7 billion gas deal with Dalia Energy.
NewMed Energy, controlled by Yitzhak Tshuva's Delek Group, holds a 45% stake in the Leviathan gas field and is a partner in the Aphrodite field near Cyprus. The chairmanship is considered a highly significant position within the Delek Group, which is managed by Idan Vells.
Kuint brings extensive public sector experience, having led the Government Companies Authority from 2017 to 2020 and the Israel Land Authority from 2020 to 2025. He joins the company during a major leadership transition and amid plans to expand production at Leviathan and advance new export agreements.
Additionally, NewMed Energy is currently involved in a dispute over a canceled $6.7 billion gas supply deal with Dalia Energy, a conflict that is heading to arbitration in London.
Summarized by baba from the reports of 6 newsrooms. Updated
Latest report: Ynet. Read Ynet’s original
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