US major Chevron (39.66%op) and its Israeli partners NewMed Energy (45.34%) and Ratio Energies (15%) announced on 2 July that they have taken a final investment decision (FID) on expanding Leviathan output capacity from 1.2bn cfd to 1.4bn cfd “from mid-2025.”
This incremental capacity hike involves “primarily the laying of a third [20-inch] subsea transmission pipeline from the production wells in the Leviathan field to the platform” situated 10km off the coast south of Haifa. The project is costed at approximately $568mn and is driven in part by increased demand from Egypt which is looking to hoover-up as much regional gas as possible with its own output in decline and consumption on the rise. (CONTINUED - 2581 WORDS)
