Page 5 - Jeff Ewing News Today

Encouraged by the Abraham Accords, Egypt's President Abdel Fattah Al-Sisi has taken a strategic decision to deepen ties with Israel.

The new price will be $4.5 per million British thermal units (mmBtu).

“We are excited to be in the energy industry in the eastern Mediterranean, especially in Israel,” said Jeff Ewing, Managing Director of Chevron’s Eastern Mediterranean Business Unit.

Chevron has increased its lower carbon capital investments and expects to spend over $10 billion on lowering its carbon emissions.

'We are excited to be in the energy industry in the eastern Mediterranean, especially in Israel,' Chevron's Jeff Ewing told The Jerusalem Post.

'We are excited to be in the energy industry in the eastern Mediterranean, especially in Israel,' Chevron's Jeff Ewing told The Jerusalem Post.

Photo Credit: Moshe Shai / Flash 90 An aerial view of the Israeli Tamar gas processing rig 24 km off the Israeli southern coast of Ashkelon. Noble Energy (now Chevron) and Delek are the main partners in the Tamar gas field, estimated to contain 10 trillion cubic feet of gas. In October 2020, Chevron completed its acquisition of Noble Energy, making Chevron the operator of Israel’s Tamar (25% ownership) and Leviathan (39.66% ownership) offshore gas fields. Chevron’s first move was to shu...

Chevron allows Tamar partners to sell gas separately The new agreement announced by the Israel Competition Authority will save Israel Electric Corp. NIS 100 million. The dispute between the partners holding rights to the Tamar and Leviathan offshore gas fields, which has been continuing over the past year, has finally been resolved, resulting in estimated savings of NIS 100 million for the Israel Electric Corporation (IEC) (TASE: ELEC.B22). From now on the Tamar Partners Isramco, Tamar Petroleu...