Chevron Approves Leviathan Gas Field Expansion to Boost Eastern Mediterranean Energy Supply

Chevron has announced its final investment decision to expand the giant Leviathan natural gas field offshore Israel, marking a strategic move to strengthen energy security across the Eastern Mediterranean and support long-term regional supply.

The Leviathan gas field is estimated to hold around 600 billion cubic meters of natural gas.

The expansion, with an investment of approximately $2.4 billion, will enable sustained production and exports through 2064, meeting rising energy demand in regional markets.

Chevron stated that expanding Leviathan is a core pillar of its Eastern Mediterranean strategy, focusing on increasing natural gas output and export capacity to serve Israel and neighboring countries.

The expansion project is expected to become operational by the end of the current decade and includes drilling three additional offshore wells, installing new subsea infrastructure, and upgrading processing facilities on the existing production platform, raising total gas supply to about 21 billion cubic meters annually.

This move underscores Chevron’s long-term partnership with Israel in developing natural gas resources and delivering reliable energy to millions of consumers in Israel, Egypt, and Jordan, supported by stable and pragmatic regional energy policies.