Chevron Prioritising Israel Gas Delivery Amid War: CFO

Chevron is prioritising gas supply to Israel and Jordan from wells in the Mediterranean Sea following the temporary closure of the Tamar field during the current outbreak of conflict with Hamas, according to Bloomberg.

• As Tamar’s output has stopped - taking 1bcf/d out of supply - Chevron has raised output at the Leviathan field
• “The Israeli domestic market is prioritised in that event,” Chevron CFO Pierre Breber said in an interview. “We continue to supply Jordan customers and we continue to supply part of our Egyptian contracts, but not all of our contracts for our Egyptian customers.”
• Israeli gas contracts include a clause that allows producers, if the government requests it, to divert supplies to the country's strategic needs without having to compensate buyers for the shortfall. It is unclear whether any such request has been made so far.