The Chevron Corp-led Leviathan consortium has accomplished the development of a 3rd pipeline from the pure fuel and condensate discipline offshore Israel to the sphere’s manufacturing platform.
The undertaking additionally delivered platform upgrades, elevating Leviathan’s fuel manufacturing capability to about 14 billion cubic meters (494.41 billion cubic ft) a yr, Leviathan co-venturer NewMed Power LP mentioned in a short bourse submitting Monday.
NewMed, a part of Israel’s Delek Group, introduced the pipeline undertaking’s completion a day after confirming Leviathan’s manufacturing has been paused. NewMed mentioned Israel’s Power and Infrastructure Ministry had ordered the suspension, amid the recent battle with Iran.
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The companions have declared drive majeure because of the suspension. Leviathan provides fuel to the home market, Egypt and Jordan.
Building 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 7, 2024. The consortium had deliberate to finish the pipeline mid-2025.
Leviathan, confirmed 2010 off the coast of Haifa metropolis, began manufacturing December 2019 below Section 1A, in keeping with NewMed.
In 2026 the Leviathan consortium made a $2.36-billion ultimate funding choice (FID) to proceed with stage 1 of Section 1B.
Anticipated to start out operation within the second half of 2029, the primary stage goals to extend capability to round 21 billion cubic meters every year, NewMed mentioned in a inventory submitting January 16, 2026. It had already introduced August 21, 2025 that the Power and Infrastructures Ministry had accepted Section 1B.
“In response to the event plan, stage 1 of the enlargement undertaking contains the drilling and completion of three extra manufacturing wells, the addition of supplementary subsea programs and enlargement of the processing programs on the platform, with the goal of accelerating the put in capability of the platform as much as approx. 23 Bcm per yr”, NewMed mentioned January 16. “Nonetheless, stage 1 of the enlargement undertaking is anticipated to extend the full fuel manufacturing capability of the Leviathan undertaking as much as approx. 21 Bcm per yr, inter alia given restrictions of the subsea pipeline”.
The rise to about 23 Bcm could be achieved below stage 2. The second stage is topic to regulatory approvals and settlement on additional funding for a fourth pipeline between the sphere and the platform and extra subsea installations, in keeping with NewMed. The consortium expects to make a FID on stage 2 “within the coming years”, it mentioned.
Chevron Mediterranean Ltd operates Leviathan with a 39.66 % stake. NewMed owns 45.34 %. Ratio Energies LP, one other Israeli firm, holds 15 %.
To contact the creator, e-mail jov.onsat@rigzone.com
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