Major Capacity Enhancement Greenlit for Leviathan Natural Gas Platform Off Israeli Coast

LiquidationKing · 2026-01-21T01:11:08+00:00

Chevron Mediterranean Limited and partners have secured final investment approval for the Leviathan offshore field's expansion, aiming for increased natural gas production by 2029-2030 through new wells and infrastructure upgrades.

LiquidationKing

2026-01-21 01:11:08

Abstract generation in progress

Chevron Mediterranean Limited and fellow stakeholders of the Leviathan offshore field have secured final investment approval for an ambitious capacity expansion program. The initiative targets the natural gas production platform situated offshore Israel, with commercial deployment anticipated around 2029-2030.

Project Scope and Infrastructure Upgrades

The Leviathan enhancement plan encompasses a comprehensive suite of improvements. Three additional offshore wells will be drilled to boost extraction capabilities, complemented by expanded subsea infrastructure systems. The existing treatment and processing facilities on the production platform will undergo substantial modernization to handle increased volumes.

Partnership Structure and Ownership Distribution

The production venture is structured among three principal stakeholders. Chevron Mediterranean Limited holds operational control and maintains a 39.66% working interest. NewMed Energy commands the largest stake at 45.34%, while Ratio Energies retains a 15% share in the Leviathan production framework.

Timeline and Strategic Implications

Development activities are scheduled to advance substantially over the remainder of this decade, positioning the expanded Leviathan platform as a critical supply asset for regional energy markets. The investment reflects continued confidence in offshore production capabilities and long-term demand trajectories for natural gas resources in the Eastern Mediterranean basin.

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