NewMed and Uniper on Delivery of Natural Gas to Europe

by Admin
Newmed energy and Uniper collaboration

NewMed Energy and Uniper sign a non-binding MoU to explore collaboration options for the delivery of natural gas to Europe and the development of blue hydrogen

  • In view of the natural gas crisis in Europe, the companies are looking to enter into short and long-term cooperation agreements to bring LNG from Israel to Europe
  •  In accordance with NewMed Energy’s strategic plan for the development of alternative energies, the parties will examine cooperation in the field of blue and green hydrogen
  •  Yossi Abu, CEO of NewMed Energy: “Natural gas will be the most significant energy source in the world for the foreseeable future.”
  •  Niek den Hollander, CCO of Uniper: “This collaboration with NewMed Energy fits our strategy of diversifying our gas supply sources and paving the way to a decarbonized world.”

NewMed Energy and Uniper have signed a non-binding MoU to explore ways of collaborating on the supply of LNG in the short and long term and producing blue and green hydrogen.

According to the MoU, the parties will look into the supply of natural gas from Israel to Germany in the immediate term using existing production and transmission infrastructure in line with the availability of the transmission pipeline between Israel and Egypt, where the natural gas will be delivered to LNG facilities, and from there to Germany.

In addition, according to the MoU, the two sides will investigate the feasibility of LNG deliveries from the Leviathan reservoir to Uniper, which will require expansion of the existing Leviathan infrastructure (Phase 1B) as well as liquefaction of the gas at one of the existing facilities in Egypt or at a new-build independent floating liquefaction facility in Israel.

In line with NewMed Energy’s strategic plan according to which the partnership is aimed at promoting green energy, the MoU also includes potential collaboration in the field of blue hydrogen and green hydrogen and its transportation from Israel to Europe.

Yossi Abu, CEO of NewMed Energy: “For the foreseeable future, natural gas will be the most significant energy source in the world. NewMed Energy is continuing to promote its international activity. Leviathan is an energy anchor in the Middle East, supplying energy to Israel and other countries in the region, while also being able to help in the energy crisis in Europe.”

Niek den Hollander, CCO of Uniper: “This collaboration with NewMed Energy fits our strategy of diversifying our gas supply sources and paving the way to a decarbonized world. Sourcing natural gas from offshore Israel has the potential to increase security of supply for Germany.”

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