Gas sales revenues from Israel’s Leviathan field surged 79% from the previous quarter in Q2, to the highest level in nearly two years. At $633mn, revenues were also up more than 50% year-on-year as gas prices surged to the highest level since the field started up in 2020.
Leviathan is operated by Chevron (39.66%) alongside Israeli companies NewMed Energy (45.34%) and Ratio (15%), and is the largest gas field in Israel. Average production of 1.05bn cfd last quarter was relatively modest, but a record average gas price of $6.55/mn Btu propelled revenues to their highest quarterly level since 3Q 2024. (CONTINUED - 818 WORDS)
