Chevron Corporation has made a Final Investment Decision to expand the Leviathan gas reservoir in Israel, significantly increasing natural gas production to meet the rising energy demands of Israel, Egypt, and Jordan.

Target Information

Chevron Corporation, through its subsidiary Chevron Mediterranean Limited (CML), is advancing a significant expansion of the Leviathan natural gas reservoir, located offshore Israel. The company has made a Final Investment Decision (FID) to enhance the production capacity of this vital asset, which serves as a key player in the region's energy landscape. The Leviathan project is expected to significantly increase natural gas delivery to Israel, Egypt, and Jordan, thereby fulfilling the growing energy demands of these markets.

The Leviathan reservoir expansion will involve the drilling of three additional offshore wells, the addition of subsea infrastructure, and improvements to the production platform's treatment facilities. Upon completion, the project is anticipated to elevate gas delivery levels to approximately 21 billion cubic meters (BCM) annually by the end of the decade, supporting energy needs in multiple countries.

Industry Overview

The Eastern Mediterranean energy sector has seen substantial growth due to rising global energy demands and the region's strategic position as a natural gas supplier. Countries suc