Delek targets London listing
The company is looking to establish a newco on the LSE, while also divesting its Tamar stake
Israeli producer Delek Drilling filed a request in early December to list a new company on the London Stock Exchange (LSE) in a move built upon buoyant investor interest in its giant Leviathan gas field and the broader East Mediterranean gas play. The move comes as the company has 12 months to reduce to zero its 22pc working interest in the Tamar gas field in order to comply with local anti-monopoly regulations. Delek Drilling’s other assets comprise a 45pc stake in the Leviathan gas field, 30pc of Cyprus’ 3.5tn ft³ Aphrodite gas field, a stake in the EMG pipeline, as well as the New Ofek and New Yahel licences onshore Israel. It will also receive royalties from the Israeli Karish and Tanin
Also in this section
30 December 2024
After hitting a high in 2019, output dropped during the Covid-19 pandemic, only to resume growth in 2021 and reach new highs. The US government expects 2.4% growth in 2025
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
