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
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
23 June 2025
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
20 June 2025
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
20 June 2025
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
