An Israeli corvette cruises near the Leviathan platform
Delek boosts Israeli gas exports
Leviathan startup, combined with flows to Egypt and Jordan, shows a material bottom-line impact
Producer Delek Drilling enjoyed a significant 2020 revenue boost from the startup of its Leviathan field on the last day of 2019, more than half of the output from which was exported to Israel’s neighbours. The firm’s net profit jumped by over 60pc year on year, to $365mn. Delek has a 45.3pc stake in Leviathan and 22pc in the neighbouring Tamar field. Combined 2020 production from the two fields totalled 15.5bn m³ of gas and c.944.000bl of condensate compared with c.10.5bn m³ of gas and c.482,000bl of condensate from Tamar in 2019. All but 0.2bn m³ of Tamar’s 2019 gas was sold in Israel. $365mn – Delek’s 2020 net profit The arrival of Leviathan did see Tamar production throttled back
Also in this section
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
22 April 2026
Sustained strikes on ports, terminals and refineries are testing the resilience of Russia’s oil export system, yet rapid repairs, rerouting and surging prices mean the campaign has yet to deliver a decisive blow
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
