NewMed Energy

Additional Details

NewMed Energy is Israel's leading partnership in the exploration, development, production, and sale of natural gas and condensates. It is part of the Delek Group, owned by businessman Yitzhak Tshuva. Support is provided through substantial financial contributions, community initiatives aimed at supporting soldiers, and securing energy infrastructure. The partnership regularly contributes millions of dollars to the state treasury through gas royalties and profit taxes. During times of war, the Israeli Ministry of Defense relies on this influx of funds to cover emergency military budgets and purchase equipment. The Delek Group and its chairman, Yitzhak Tshuva, make direct financial and in-kind donations to support the Home Front Command, hospitals, and relief centers serving civilians and wounded soldiers. The "Adopt a Fighter" program: The group sponsors specific combat units in the Israel Defense Forces, providing regular financial, logistical, and recreational support to soldiers. In addition to funding scholarship funds specifically for discharged soldiers (such as the "From Uniform to University" program) to help them reintegrate into education and the economy after combat, the group is connected to extensive energy networks (such as fuel stations and refineries). During emergencies and war, the highest priority is given to supplying the Israeli army and air force with the fuel and energy necessary to keep military vehicles moving and operations running uninterrupted. -- Listed on TASE (NWMD), NewMed Energy is backed by leading sovereign wealth funds, most notably NBIM.