Chevron takes FID on Leviathan gas expansion offshore Israel
(WO) - Chevron and its partners have taken a final investment decision (FID) to expand production capacity at the Leviathan gas field, a major natural gas development in the Eastern Mediterranean.
The expansion will increase gas deliveries from the offshore field to approximately 21 billion cubic meters per year, supporting supply to Israel and regional markets including Egypt and Jordan. First gas from the expansion is expected toward the end of the decade.
The project scope includes drilling three additional offshore wells, installing new subsea infrastructure, and upgrading gas treatment facilities on the Leviathan production platform, located about 10 km offshore Dor, Israel.
Chevron Mediterranean Limited, a subsidiary of Chevron, operates Leviathan with a 39.66% working interest, alongside partners NewMed Energy (45.34%) and Ratio Energies (15%).
Chevron said the investment reflects continued confidence in natural gas demand across the Eastern Mediterranean and the role of offshore gas in regional energy security. Leviathan is one of the largest producing gas fields in the region and a key supply source for cross-border exports.
In addition to Leviathan, Chevron holds interests in Israel’s producing Tamar gas field and the Aphrodite gas field offshore Cyprus, which is currently under development. The company also operates exploration acreage offshore Egypt and participates in a non-operated joint venture in another Egyptian Mediterranean block.
The Leviathan expansion represents one of the region’s most significant upstream gas investments in recent years, reinforcing the Eastern Mediterranean’s role as a long-term natural gas supply hub.
