Chevron (39.66%) and its partners at Israel’s key 1.2bn cfd Leviathan field, local firms NewMed (45.34%) and Ratio (15%) are increasing gas exports to neighboring Egypt, and in the process preparing the groundwork to increase capacity to more than 2bn cfd.
“NewMed Energy and its partners in the Leviathan Reservoir, sign the largest Export Deal in Israel’s history – with a ~130 BCM Natural gas worth 35$ billion,” NewMed announced on 7 August. Volumes will be delivered over a 15-year period. (CONTINUED – 1691 WORDS)
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