Regional conflict prompts Chevron to halt Leviathan pipelay
Oct. 7, 2024
Chevron Mediterranean has suspended installation activities related to the third subsea gas export pipeline from the deepwater Leviathan field offshore Israel to the near-shore platform.
The Leviathan reservoir was discovered in December 2010 by NewMed Energy (with a working interest of 45.3%), Chevron (which was called "Noble Energy" at the time, with a working interest of 39.7%) and Ratio (with a working interest of 15%).
Chevron Mediterranean suspended installation activities related to the third subsea gas export pipeline from the deepwater Leviathan field offshore Israel to the near-shore platform on Oct. 6.
This is due to the recent escalation in the regional security situation.
The purpose of the project is to expand Leviathan’s gas supply capacity from the current 1.2 Bcf/d to about 1.4 Bcf/d. Work on the Third Gathering Pipeline Project will now be deferred until April 2025 depending on the situation at that point and the contractor's time tables and work schedule.
