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NATGAS: Chevron Sees Potential 50% Growth at Israeli Fields by 2030

NATGAS
CommoditiesEnergy BulletsBulletPower BulletsMiddle East

Chevron is working on expansion projects at its Eastern Mediterranean natural gas fields that could help production rise nearly 50% by 2030, Bloomberg reported.

  • The first stage growth projects at Leviathan and nearby Tamar offshore Israel will come online by early 2026, CEO Mike Wirth said.
  • Chevron is working on front-end engineering and design for a separate project that “would be a significant growth in production for Leviathan” by the end of the decade,” he said.
  • “We’ll see production up by 25% over the next two years and something closer to 50% by 2030,” Wirth added.
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Chevron is working on expansion projects at its Eastern Mediterranean natural gas fields that could help production rise nearly 50% by 2030, Bloomberg reported.

  • The first stage growth projects at Leviathan and nearby Tamar offshore Israel will come online by early 2026, CEO Mike Wirth said.
  • Chevron is working on front-end engineering and design for a separate project that “would be a significant growth in production for Leviathan” by the end of the decade,” he said.
  • “We’ll see production up by 25% over the next two years and something closer to 50% by 2030,” Wirth added.