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'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 Israelâs Tamar (25% ownership) and Leviathan (39.66% ownership) offshore gas fields. Chevron’s first move was to shut off the flow of gas to Israel from the Tamar gas fields, forcing the Israel Electric company (IE...
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 Petroleum, Dor Gas and Everest Infrastructures, who hold 53% of the rights to the Tamar field will be abler ...