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NewMed Energy LP is engaged in the exploration, development, and production of oil, condensate, and natural gas. It mainly markets fuel products across Israel and holds interests in several significant gas findings in the Mediterranean Sea region, which include, the Tamar finding, Leviathan finding, and Aphrodite finding in Cyprus.

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A potential Turkey-Israel gas pipeline is being studied as an energy source for the European market seeking an alternative to Russian sourcing, although political difficulties would need to be addressed prior to construction.

Can A Turkish-Israeli Gas Pipeline Solve Europe&#39;s Energy Crunch?

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NewMed Energy LP

NewMed Energy

A potential Turkey-Israel gas pipeline is being studied as an energy source for the European market seeking an alternative to Russian sourcing, although political difficulties would need to be addressed prior to construction.

What Happened: The pipeline would connect Israel&rsquo;s Leviathan offshore natural gas field through a subsea pipeline to Turkey, where the fuel would flow into southern Europe, according to a report in the Israeli news outlet <a href="https://www.ynetnews.com/article/bkdqfmgx5">Ynet</a> citing unnamed &ldquo;government and industry officials in both countries.&rdquo;&nbsp;

The Leviathan field supplies Israel, Jordan and Egypt and its co-owners &mdash;Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and the Israeli companies NewMed Energy (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DKDRF#OTC">DKDRF</a>) and Ratio Oil (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RTEXF#OTC">RTEXF</a>) &mdash; are seeking to increase its production quantity from 12 to 21 billion cubic meters per year.

Production would need to be ratcheted up considerably if a European market was added to its customer base. The European Union nations imported 155 billion cubic meters of Russian gas last year, which accounted for 40% of its consumption.

Turkish President Recep Tayyip Erdoğan stated that gas cooperation with Israel was &quot;one of the most important steps we can take together for bilateral ties,&quot; and told reporters last week that he was ready to send his top ministers to Israel to strategize on the project.

See Also: <a href="https://www.benzinga.com/general/entertainment/22/03/26347434/disney-announces-streaming-premiere-dates-for-42-countries-and-territories">Disney+ Announces Streaming Premiere Dates For 42 Countries And Territories</a>

What Needs To Happen: According to plans now being floated, the pipeline would run approximately 342 miles and cost up to $469 million to build.

Israeli Energy Minister Karine Elharrar was cautious about the proposal, telling Ynet, &quot;It needs to be found economically feasible, which is not something self-evident,&quot; she said.

Also, any subsea line from the Leviathan oil field to Turkey would require crossing through the territorial waters of either Cyprus, which does not have diplomatic relations with Turkey, or Syria, which has no diplomatic ties with both Israel and Turkey.

Photo:&nbsp;Guilherme Reis/Pixabay.&nbsp;

Can A Turkish-Israeli Gas Pipeline Solve Europe's Energy Crunch?

On Wednesday morning, 67 companies achieved new lows for the year.

<h3>Interesting Facts:</h3>

<ul>
	<li>Orange&nbsp;(NYSE:<a class="ticker" href="/stock/ORAN#NYSE">ORAN</a>)&nbsp;was the biggest company in terms of market cap to set a new 52-week low.</li>
	<li>The smallest company on a market cap basis to set a new 52-week low was&nbsp;Marquie Gr&nbsp;(OTC:<a class="ticker" href="/stock/TMGI#OTC">TMGI</a>).</li>
	<li>Maverick Tech Solns&nbsp;(OTC:<a class="ticker" href="/stock/MVRK#OTC">MVRK</a>)&nbsp;was the most promising stock of the group, with shares actually trading up 8.33% to bounce back after reaching its new 52-week low.</li>
</ul>

Here are all the stocks that set new 52-week lows as of 10 a.m. ET on Wednesday:

<ul>
	<li>Orange&nbsp;(NYSE:<a class="ticker" href="/stock/ORAN#NYSE">ORAN</a>)&nbsp;stock hit a new 52-week low of $13.80 to begin trading. The stock was down 0.36% on the session.</li>
	<li>China Railway Group&nbsp;(OTC:<a class="ticker" href="/stock/CRWOY#OTC">CRWOY</a>)&nbsp;stock hit $13.57 on Wednesday morning, setting a new 52-week low. The stock traded down 1.67% over the course of the day.</li>
	<li>Liberty Global&nbsp;(NASDAQ:<a class="ticker" href="/stock/LBTYB#NASDAQ">LBTYB</a>)&nbsp;shares were up 1.22% over the session, having began the day with a 52-week low of $19.95.</li>
	<li>Shanghai Electric Group&nbsp;(OTC:<a class="ticker" href="/stock/SIELY#OTC">SIELY</a>)&nbsp;stock fell to a new 52-week low of $5.91 on Wednesday morning. Shares of the company traded down 4.21% on the day.</li>
	<li>Pola Orbis Holdings&nbsp;(OTC:<a class="ticker" href="/stock/PORBF#OTC">PORBF</a>)&nbsp;stock moved down 9.11% over Wednesday&#39;s trading session after setting a new 52-week low of $21.66 to open trading.</li>
	<li>Jollibee Foods&nbsp;(OTC:<a class="ticker" href="/stock/JBFCF#OTC">JBFCF</a>)&nbsp;stock hit $3.46 on Wednesday morning, setting a new 52-week low. The stock traded down 0.26% over the course of the day.</li>
	<li>Micro Focus Intl&nbsp;(NYSE:<a class="ticker" href="/stock/MFGP#NYSE">MFGP</a>)&nbsp;shares set a new 52-week low of $9.97 today morning. The stock traded up 1.8% over the session.</li>
	<li>Graham Holdings&nbsp;(NYSE:<a class="ticker" href="/stock/GHC#NYSE">GHC</a>)&nbsp;stock hit a yearly low of $538.02 this morning. The stock was down 0.61% for the day.</li>
	<li>Delek Drilling&nbsp;(OTC:<a class="ticker" href="/stock/DKDRF#OTC">DKDRF</a>)&nbsp;stock moved down 23.37% over Wednesday&#39;s trading session after setting a new 52-week low of $2.00 to open trading.</li>
	<li>Plantronics&nbsp;(NYSE:<a class="ticker" href="/stock/PLT#NYSE">PLT</a>)&nbsp;shares set a new yearly low of $18.50 this morning. The stock was down 35.97% on the session.</li>
	<li>Preferred Apartment&nbsp;(NYSE:<a class="ticker" href="/stock/APTS#NYSE">APTS</a>)&nbsp;shares set a new 52-week low of $11.45 today morning. The stock traded down 3.57% over the session.</li>
	<li>EPS Holdings&nbsp;(OTC:<a class="ticker" href="/stock/EPLYF#OTC">EPLYF</a>)&nbsp;stock hit a yearly low of $11.94 this morning. The stock was down 10.02% for the day.</li>
	<li>Ethan Allen Interiors&nbsp;(NYSE:<a class="ticker" href="/stock/ETH#NYSE">ETH</a>)&nbsp;stock hit $15.39 on Wednesday morning, setting a new 52-week low. The stock traded down 7.01% over the course of the day.</li>
	<li>RISE Education Cayman&nbsp;(NASDAQ:<a class="ticker" href="/stock/REDU#NASDAQ">REDU</a>)&nbsp;shares began trading with a new 52-week low of $6.37 on Wednesday. The stock was 0.0% (flat) for the day.</li>
	<li>Fairfax Africa Holdings&nbsp;(OTC:<a class="ticker" href="/stock/FFXXF#OTC">FFXXF</a>)&nbsp;shares began trading with a new 52-week low of $5.09 on Wednesday. The stock was down 8.05% for the day.</li>
	<li>Akazoo&nbsp;(NASDAQ:<a class="ticker" href="/stock/SONG#NASDAQ">SONG</a>)&nbsp;shares hit a yearly low of $4.08 today morning. The stock was up 3.9% on the session.</li>
	<li>Spok Holdings&nbsp;(NASDAQ:<a class="ticker" href="/stock/SPOK#NASDAQ">SPOK</a>)&nbsp;shares hit a yearly low of $10.37 today morning. The stock was down 0.67% on the session.</li>
	<li>Green Growth Brands&nbsp;(OTC:<a class="ticker" href="/stock/GGBXF#OTC">GGBXF</a>)&nbsp;stock hit a new 52-week low of $0.33 to begin trading. The stock was down 1.97% on the session.</li>
	<li>Ocwen Financial&nbsp;(NYSE:<a class="ticker" href="/stock/OCN#NYSE">OCN</a>)&nbsp;shares began trading with a new 52-week low of $1.16 on Wednesday. The stock was up 0.31% for the day.</li>
	<li>Bassett Furniture Indus&nbsp;(NASDAQ:<a class="ticker" href="/stock/BSET#NASDAQ">BSET</a>)&nbsp;shares moved up 0.91% on Wednesday&#39;s session after setting a new 52-week low of $11.52 to begin trading.</li>
	<li>Tanzanian Gold&nbsp;(AMEX:<a class="ticker" href="/stock/TRX#AMEX">TRX</a>)&nbsp;shares set a new 52-week low of $0.51 today morning. The stock traded down 2.29% over the session.</li>
	<li>Emmaus Life Sciences&nbsp;(OTC:<a class="ticker" href="/stock/EMMA#OTC">EMMA</a>)&nbsp;shares were 0.0% (flat) over the session, having began the day with a 52-week low of $0.95.</li>
	<li>Allied Esports&nbsp;(NASDAQ:<a class="ticker" href="/stock/AESE#NASDAQ">AESE</a>)&nbsp;stock hit a yearly low of $2.24 this morning. The stock was 0.0% (flat) for the day.</li>
	<li>Richardson Electronics&nbsp;(NASDAQ:<a class="ticker" href="/stock/RELL#NASDAQ">RELL</a>)&nbsp;shares set a new yearly low of $4.97 this morning. The stock was down 2.25% on the session.</li>
	<li>Liquefied Natural Gas&nbsp;(OTC:<a class="ticker" href="/stock/LNGLY#OTC">LNGLY</a>)&nbsp;shares began trading with a new 52-week low of $0.34 on Wednesday. The stock was up 3.19% for the day.</li>
	<li>MMJ Group Holdings&nbsp;(OTC:<a class="ticker" href="/stock/MMJJF#OTC">MMJJF</a>)&nbsp;stock hit a yearly low of $0.10 this morning. The stock was up 5.56% for the day.</li>
	<li>Journey Energy&nbsp;(OTC:<a class="ticker" href="/stock/JRNGF#OTC">JRNGF</a>)&nbsp;stock hit $0.79 on Wednesday morning, setting a new 52-week low. The stock traded 0.0% (flat) over the course of the day.</li>
	<li>Spring Bank&nbsp;(NASDAQ:<a class="ticker" href="/stock/SBPH#NASDAQ">SBPH</a>)&nbsp;shares were up 0.85% over the session, having began the day with a 52-week low of $1.10.</li>
	<li>SRG Mining&nbsp;(OTC:<a class="ticker" href="/stock/SRGMF#OTC">SRGMF</a>)&nbsp;shares hit a yearly low of $0.36 today morning. The stock was 0.0% (flat) on the session.</li>
	<li>1933 Industries&nbsp;(OTC:<a class="ticker" href="/stock/TGIFF#OTC">TGIFF</a>)&nbsp;shares began trading with a new 52-week low of $0.12 on Wednesday. The stock was up 1.66% for the day.</li>
	<li>Pan Orient Energy&nbsp;(OTC:<a class="ticker" href="/stock/POEFF#OTC">POEFF</a>)&nbsp;stock hit a new 52-week low of $0.62 to begin trading. The stock was down 2.91% on the session.</li>
	<li>Celadon Group&nbsp;(OTC:<a class="ticker" href="/stock/CGIPQ#OTC">CGIPQ</a>)&nbsp;shares fell to $0.01 on Wednesday morning, setting a new 52-week low. Shares then moved down 27.08%.</li>
	<li>UEX&nbsp;(OTC:<a class="ticker" href="/stock/UEXCF#OTC">UEXCF</a>)&nbsp;shares moved down 13.94% on Wednesday&#39;s session after setting a new 52-week low of $0.08 to begin trading.</li>
	<li>Blue Hat Interactive&nbsp;(NASDAQ:<a class="ticker" href="/stock/BHAT#NASDAQ">BHAT</a>)&nbsp;shares set a new yearly low of $1.17 this morning. The stock was down 3.2% on the session.</li>
	<li>Gridsum Holding&nbsp;(NASDAQ:<a class="ticker" href="/stock/GSUM#NASDAQ">GSUM</a>)&nbsp;stock moved up 0.86% over Wednesday&#39;s trading session after setting a new 52-week low of $1.10 to open trading.</li>
	<li>Arianne Phosphate&nbsp;(OTC:<a class="ticker" href="/stock/DRRSF#OTC">DRRSF</a>)&nbsp;shares were up 2.11% over the session, having began the day with a 52-week low of $0.17.</li>
	<li>SPI Energy&nbsp;(NASDAQ:<a class="ticker" href="/stock/SPI#NASDAQ">SPI</a>)&nbsp;shares were down 3.23% over the session, having began the day with a 52-week low of $1.50.</li>
	<li>ReWalk Robotics&nbsp;(NASDAQ:<a class="ticker" href="/stock/RWLK#NASDAQ">RWLK</a>)&nbsp;stock dropped to a yearly low on Wednesday morning of $1.81. Shares then traded down 10.53%.</li>
	<li>Citation Growth&nbsp;(OTC:<a class="ticker" href="/stock/CGOTF#OTC">CGOTF</a>)&nbsp;shares reached a new 52-week low of $0.10 on Wednesday morning, later moving down 4.55% over the rest of the day.</li>
	<li>Redline Communications&nbsp;(OTC:<a class="ticker" href="/stock/RDLCF#OTC">RDLCF</a>)&nbsp;stock set a new 52-week low of $0.81 on Wednesday morning, with shares later moving down 17.65%.</li>
	<li>GTEC Holdings&nbsp;(OTC:<a class="ticker" href="/stock/GGTTF#OTC">GGTTF</a>)&nbsp;stock moved down 12.08% over Wednesday&#39;s trading session after setting a new 52-week low of $0.12 to open trading.</li>
	<li>Salarius Pharmaceuticals&nbsp;(NASDAQ:<a class="ticker" href="/stock/SLRX#NASDAQ">SLRX</a>)&nbsp;stock set a new 52-week low of $2.23 on Wednesday morning, with shares later moving up 0.86%.</li>
	<li>BTU Metals&nbsp;(OTC:<a class="ticker" href="/stock/BTUMF#OTC">BTUMF</a>)&nbsp;stock fell to a new 52-week low on Wednesday morning at $0.11, and later moved 0.0% (flat) over the session.</li>
	<li>Yippy&nbsp;(OTC:<a class="ticker" href="/stock/YIPI#OTC">YIPI</a>)&nbsp;shares set a new yearly low of $0.18 this morning. The stock was 0.0% (flat) on the session.</li>
	<li>Real Goods Solar&nbsp;(OTC:<a class="ticker" href="/stock/RGSE#OTC">RGSE</a>)&nbsp;shares fell to $0.01 on Wednesday morning, setting a new 52-week low. Shares then moved down 98.31%.</li>
	<li>Nano Dimension&nbsp;(NASDAQ:<a class="ticker" href="/stock/NNDM#NASDAQ">NNDM</a>)&nbsp;shares moved down 20.42% on Wednesday&#39;s session after setting a new 52-week low of $1.55 to begin trading.</li>
	<li>GBLT&nbsp;(OTC:<a class="ticker" href="/stock/GBLTF#OTC">GBLTF</a>)&nbsp;shares set a new yearly low of $0.02 this morning. The stock was 0.0% (flat) on the session.</li>
	<li>My Size&nbsp;(NASDAQ:<a class="ticker" href="/stock/MYSZ#NASDAQ">MYSZ</a>)&nbsp;stock hit a new 52-week low of $2.55 to begin trading. The stock was down 1.16% on the session.</li>
	<li>Kange&nbsp;(OTC:<a class="ticker" href="/stock/KGNR#OTC">KGNR</a>)&nbsp;shares set a new yearly low of $0.34 this morning. The stock was down 2.86% on the session.</li>
	<li>Life Insurance&nbsp;(OTC:<a class="ticker" href="/stock/LINSA#OTC">LINSA</a>)&nbsp;stock hit a yearly low of $15.01 this morning. The stock was 0.0% (flat) for the day.</li>
	<li>Long Blockchain&nbsp;(OTC:<a class="ticker" href="/stock/LBCC#OTC">LBCC</a>)&nbsp;stock set a new 52-week low of $0.08 on Wednesday morning, with shares later moving down 90.45%.</li>
	<li>Sanatana Resources&nbsp;(OTC:<a class="ticker" href="/stock/SADMF#OTC">SADMF</a>)&nbsp;shares set a new yearly low of $0.01 this morning. The stock was down 29.8% on the session.</li>
	<li>Micron Waste Technologies&nbsp;(OTC:<a class="ticker" href="/stock/MICWF#OTC">MICWF</a>)&nbsp;stock hit $0.03 on Wednesday morning, setting a new 52-week low. The stock traded up 2.55% over the course of the day.</li>
	<li>Generation Next Franchise&nbsp;(OTC:<a class="ticker" href="/stock/VEND#OTC">VEND</a>)&nbsp;shares fell to $0.01 on Wednesday morning, setting a new 52-week low. Shares then moved down 30.69%.</li>
	<li>Olivut Resources&nbsp;(OTC:<a class="ticker" href="/stock/OLVRF#OTC">OLVRF</a>)&nbsp;shares began trading with a new 52-week low of $0.02 on Wednesday. The stock was down 44.63% for the day.</li>
	<li>Metalex Ventures&nbsp;(OTC:<a class="ticker" href="/stock/MXTLF#OTC">MXTLF</a>)&nbsp;stock dropped to a yearly low on Wednesday morning of $0.01. Shares then traded down 66.67%.</li>
	<li>Grizzly Discoveries&nbsp;(OTC:<a class="ticker" href="/stock/GZDIF#OTC">GZDIF</a>)&nbsp;shares hit a yearly low of $0.01 today morning. The stock was down 50.0% on the session.</li>
	<li>Digerati Technologies&nbsp;(OTC:<a class="ticker" href="/stock/DTGI#OTC">DTGI</a>)&nbsp;shares hit a yearly low of $0.02 today morning. The stock was down 4.29% on the session.</li>
	<li>NanoTech Entertainment&nbsp;(OTC:<a class="ticker" href="/stock/NTEK#OTC">NTEK</a>)&nbsp;stock hit $0.001 on Wednesday morning, setting a new 52-week low. The stock traded down 53.85% over the course of the day.</li>
	<li>TPT Global Tech&nbsp;(OTC:<a class="ticker" href="/stock/TPTW#OTC">TPTW</a>)&nbsp;stock fell to a new 52-week low of $0.0017 on Wednesday morning. Shares of the company traded down 7.32% on the day.</li>
	<li>2050 Motors&nbsp;(OTC:<a class="ticker" href="/stock/ETFM#OTC">ETFM</a>)&nbsp;shares hit a yearly low of $0.000096 today morning. The stock was 0.0% (flat) on the session.</li>
	<li>Maverick Tech Solns&nbsp;(OTC:<a class="ticker" href="/stock/MVRK#OTC">MVRK</a>)&nbsp;stock hit $0.55 on Wednesday morning, setting a new 52-week low. The stock traded down 34.53% over the course of the day.</li>
	<li>All American Pet Co&nbsp;(OTC:<a class="ticker" href="/stock/AAPT#OTC">AAPT</a>)&nbsp;stock hit a yearly low of $0.000001 this morning. The stock was down 99.5% for the day.</li>
	<li>Startech Labs&nbsp;(OTC:<a class="ticker" href="/stock/LAAB#OTC">LAAB</a>)&nbsp;shares set a new 52-week low of $0.65 today morning. The stock traded 0.0% (flat) over the session.</li>
	<li>Sirrus&nbsp;(OTC:<a class="ticker" href="/stock/SRUP#OTC">SRUP</a>)&nbsp;stock hit a new 52-week low of $0.000001 to begin trading. The stock was down 99.0% on the session.</li>
	<li>Jammin Java&nbsp;(OTC:<a class="ticker" href="/stock/JAMN#OTC">JAMN</a>)&nbsp;shares began trading with a new 52-week low of $0.000001 on Wednesday. The stock was down 99.0% for the day.</li>
	<li>Marquie Gr&nbsp;(OTC:<a class="ticker" href="/stock/TMGI#OTC">TMGI</a>)&nbsp;stock set a new 52-week low of $0.00235 on Wednesday morning, with shares later moving up 8.33%.</li>
</ul>

 
Benzinga will continue to provide updates on these equities. Stay tuned for additional news.

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