@abu_yossi also spoke about the offer from energy giants @bp_plc and @ADNOCGroup to acquire 50% of NewMed. He reassured everyone that the company would remain independent even after the deal with BP and ADNOC.
At yesterday's @BizportalNews conference, our CEO @abu_yossi addressed the high demand for energy in Egypt. He emphasized that Egypt will consume every natural gas molecule NewMed Energy can supply.
@abu_yossi: “The offer we received is the result of the warm relationships and connections we have built in recent years with the energy companies working in the region. The offer unlocks value for our investors, and will catapult NewMed from the regional to the global stage”.
NewMed Energy, is proud to strengthen friendships and relationships and build new collaborations in the region.
Let's continue to drive growth and progress in the energy sector together!
@MubadalaEnergy
With the presence of His Excellency @AlsisiOfficial and many prominent leaders of the energy industry in the East Med, this is a prime opportunity to showcase the significance of our Natural Gas resources as a source of collaboration between nations.
@abu_yossi, NewMed Energy CEO: “NewMed Energy is continuing to reach new heights and has recorded another quarter of achievements, driven by Leviathan’s performance. In 2023 we will significantly speed up Leviathan’s expansion and entry into new markets"
Export to Egypt continues to rise, with approx. 3BCM in Q3, compared to 2.8 BCM in the same quarter last year. The Partnership is increasing the sales forecast for the entire year (2022), from 10.65 BCM to 11.2 BCM and announcing an additional $50M profit distribution
Upon the release of our Q3 2022 Financial Statement, we are happy to announce records increase in net profit - $123M. Net revenues up 28% totaling around $265M (compared to $207M last year)
Yossi Abu, CEO of @NewMedEnergy a Summit Partner of #WCSummit2022, will participate in Solution Session 1A “Powering the #NetZero Future - Policy & Innovation for #CleanEnergy Systems” on 13 Nov.
Learn more➡https://t.co/SXaZ0dGJHO
Join the discussion➡https://t.co/3bK16nkbsR
Yossi Abu, CEO of NewMed Energy: “Just as we have brought the gas revolution to the countries of the region, so we will strive to introduce the renewable energy revolution”.