Delek Drills drags NewMed and Ratio to international arbitration in London over Leviathan gas deal

Delek Drills partnership has initiated international arbitration proceedings in London against NewMed (formerly Delek Drilling) and Ratio, concerning the terms of the gas sale agreement from the Leviathan reservoir. The arbitration is being conducted under the LCIA rules.

The Delek Drills partnership, a partner in the Leviathan natural gas reservoir, has initiated international arbitration proceedings in London against NewMed (formerly Delek Drilling) and Ratio. The arbitration, conducted under the rules of the London Court of International Arbitration (LCIA), concerns the terms of the gas sale agreement from the Leviathan reservoir. This legal proceeding represents an escalation in the business dispute among the partners in Israel's largest gas reservoir.