Chevron Corp has resumed common manufacturing on the Leviathan gasoline and condensate discipline in Mediterranean waters off Israel’s coast, weeks after declaring power majeure due to the continued battle with Iran.
NewMed Vitality LP, one among Chevron’s Israeli companions within the Leviathan consortium, introduced the resumption final week, saying the suspension of flows lasted 33 days.
NewMed stated in a inventory submitting it “intends to look at the potential for receiving compensation from the State in reference to the suspension of gasoline manufacturing”.
- Advertisement -
It doesn’t anticipate the suspension to have “a cloth influence” on its money flows for 2026.
Appearing on a “safety advice”, Israel’s power and infrastructure minister on February 28 requested operator Chevron to droop operations on the Leviathan platform till additional discover, in line with NewMed.
Only a day after confirming the manufacturing pause, NewMed stated the consortium had accomplished the development of a 3rd pipeline from the sector to its manufacturing platform. The venture additionally delivered platform upgrades, elevating Leviathan’s gasoline manufacturing capability to round 14 billion cubic meters a yr, NewMed stated.
Development of the third gathering pipeline, a part of Leviathan’s preliminary section (Section 1A), had been delayed by the sooner battle that adopted Hamas’ assault on Israel October 2023. NewMed introduced the suspension of development October 2024. The consortium had deliberate to finish the pipeline mid-2025.
Leviathan gasoline is piped to the home market, Egypt and Jordan. The sphere offered 10.8 billion cubic meters (381.4 billion cubic toes) final yr, in line with NewMed’s annual report.
Chevron operates Leviathan with a 39.66 p.c stake by Chevron Mediterranean Ltd. NewMed, owned by Israel’s Delek Group, owns 45.34 p.c. Ratio Energies LP, additionally an Israeli firm, holds 15 p.c.
Leviathan, found 2010 off the coast of Haifa metropolis, began manufacturing December 2019 beneath Section 1A, in line with NewMed.
NewMed didn’t say whether or not the continued battle would derail plans for Section 1B’s stage 1, for which the consortium adopted a last funding determination price $2.36 billion final January.
Anticipated to begin operation within the second half of 2029, the primary stage of the Section 1B venture goals to extend capability to about 21 billion cubic meters a yr, in line with NewMed. NewMed already introduced August 2025 Israel’s Vitality and Infrastructures Ministry had accredited Section 1B.
Saying the FID for Phae 1B stage 1, NewMed additionally stated all circumstances for the entry into power of an amended settlement signed 2025 between the Leviathan consortium and their present buyer Blue Ocean Vitality had been fulfilled. The brand new deal, introduced by NewMed August 2025, raises gasoline exports to Egypt by a complete quantity of 130 Bcm.
In December 2025 NewMed Vitality stated the consortium had obtained approval from Israel’s Vitality and Infrastructures Ministry for the elevated gasoline exports to Egypt.
To contact the writer, e mail jov.onsat@rigzone.com
What do you assume? We’d love to listen to from you, be part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all power professionals to Communicate Up about our business, share data, join with friends and business insiders and interact in an expert group that may empower your profession in power.
