Category: Leviathan
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Chevron suspends work on Leviathan third pipeline
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NewMed Energy (TSE: NWMD), the Delek unit that holds a 45.34% stake in the Leviathan gas field, has notified the Tel Aviv Stock Exchange (TASE) that field operator Chevron, which holds a 39.66% stake, has decided to suspend work. Work on extending a marine pipeline within the third pipeline project,…
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Leviathan partners sign $150m Haifa Group gas deal
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The partners in Israel’s Leviathan offshore gas field – NewMed Energy (TASE: NWMD) (45.34%), Chevron Mediterranean (39.6%), and Ratio Energies (TASE: RATI-L) – announced the signing of an agreement to supply the Haifa Group with 0.75 billion cubic meters of gas over seven years. The deal is worth $150 million.…
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Regulator signals nod for expansion of Leviathan production
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The Petroleum Commissioner at the Ministry of Energy and Infrastructure has indicated to the partners in the Leviathan offshore natural gas field that they will be allowed to significantly expand production, from 12 billion cubic meters to 21 billion cubic meters. This is not yet an export permit, but rather…