Leviathan partners approve third export pipeline

July 3, 2023
Chevron and partners NewMed Energy and Ratio Energies have taken FID on a third long-distance subsea pipeline for the Leviathan Field in the eastern Mediterranean Sea offshore Israel.

Offshore staff

HERZELIA, Israel  Chevron and partners NewMed Energy and Ratio Energies have taken FID on a third long-distance subsea pipeline for the Leviathan Field in the eastern Mediterranean Sea offshore Israel.

This will be laid from the field’s deepwater production wells to the fixed platform in shallower water close to the Israeli mainland.

According to NewMed Energy, it will allow expansion of the maximum gas supply capacity from the project to INGL’s transmission system from the current 1.2 Bcf/d to about 1.4 Bcf/d from mid-2025.

Estimated cost of the project is $568 million.

The Leviathan partnership comprises NewMed (45.34%), Chevron Mediterranean (39.66%) and Ratio Energies (15%).

07.03.2023

Related

Courtesy US Commercial Service in Israel
Port development represents another opportunity, as the government of Israel has embarked on a privatization process of its ports over the last decade. Shown here is Ashdod Port, Israel’s largest port.
Port development represents another opportunity, as the government of Israel has embarked on a privatization process of its ports over the last decade. Shown here is Ashdod Port, Israel’s largest port.
Port development represents another opportunity, as the government of Israel has embarked on a privatization process of its ports over the last decade. Shown here is Ashdod Port, Israel’s largest port.
Port development represents another opportunity, as the government of Israel has embarked on a privatization process of its ports over the last decade. Shown here is Ashdod Port, Israel’s largest port.
Port development represents another opportunity, as the government of Israel has embarked on a privatization process of its ports over the last decade. Shown here is Ashdod Port, Israel’s largest port.
Photo 53296021 © Taylor Starr | Dreamstime.com
Israel
Israel
Israel
Israel
Israel