Chevron Moves to Expand Giant Israeli Gas Field
Despite Israel’s ongoing war with Hamas, Chevron has announced the start of the second phase of development at the giant Tamar gas field.
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Despite Israel’s ongoing war with Hamas, Chevron has announced the start of the second phase of development at the giant Tamar gas field.
Chevron and partners in the Israeli Tamar natural gas field agreed on Sunday to boost natural gas production capacity from the offshore field. The gas field is a significant energy source for Israel and supplies Jordan for domestic consumption and Egypt for exporting the surplus to Europe. The investment is part of a two-phase plan to expand natural gas production capacity from the Tamar field to about 1.6 billion cubic feet (BCF) daily.
Chevron, along with its partners, have agreed on a $24m investment to boost natural gas production at the Tamar gas field offshore Israel.
The decision by Chevron and the other partners in the gas reservoir comes six months after then energy minister Israel Katz approved greater exports to Egypt.
Middle East News: Chevron, the operator of Israel's Tamar gas field, plans to expand production at the offshore site to increase capacity to 1.6 billion cubic feet per day. The expansion includes reinstating compressors and investing in a third pipeline. The project is expected to benefit Israel, Egypt, and Jordan.