US EditionResumption of Israeli Gas Fields Sparks Economic Revival in Region
- Israel's Leviathan and Karish gas fields resumed production on Wednesday after being shut since June 13 due to the Israel-Iran conflict.
- The shutdown occurred after Israel launched an attack targeting Iran's nuclear facilities, and the gas fields were reopened once a ceasefire between the two countries was established earlier this week.
- Leviathan produces 12 billion cubic meters of gas annually for Israel, Egypt, and Jordan, and production is expected to rise to 14 billion cubic meters in 2026.
- Energean's CEO Mathios Rigas expressed their commitment to safely resuming production in coordination with authorities, aiming to support stable energy supplies for Israel and neighboring countries; full operations are expected to resume by Saturday with a gradual rise in exports anticipated.
- The gas fields' reopening restores exports, boosts state tax revenues, improves electricity and industrial sector management, and eases supply concerns in Egypt and Jordan after a $12 million revenue loss during the shutdown.
15 Articles
15 Articles
Israel’s Leviathan gas field to resume operations after shutdown
Israel's NewMed said on Wednesday that the Leviathan natural gas field, which supplies gas to Egypt and Jordan, shut down nearly two weeks ago due to the Iran-Israel conflict, would resume operations in the next few hours. Two of Israel's three gas fields, Chevron-operated Leviathan and Energean's Karish, off its Mediterranean coast, which provide the bulk of exports to Egypt and Jordan, have been shut since 13 June. That left only the older Tam…
Resumption of Israeli Gas Fields Sparks Economic Revival in Region
Resumption of Israeli Gas Fields Sparks Economic Revival in Region After an operational halt due to the Iran-Israel conflict, two of Israel’s primary natural gas fields, Leviathan and Karish, have resumed gas exports to Egypt and Jordan. Their restart follows a ceasefire between Israel and Iran, as confirmed by Chevron and Energean, the companies managing these fields.The Leviathan field had been inactive since June 13, causing a substantial rev…
Giant Leviathan Gas Field Offshore Israel Resumes Operations
The massive Leviathan gas field offshore Israel is resuming production on Wednesday, following two weeks in which it was shut down due to the Israel-Iran conflict. Leviathan, operated by U.S. supermajor Chevron, was shut down on June 13, after the Israeli strike on Iranian nuclear sites that escalated hostilities in the region. Following the ceasefire from earlier this week, Chevron’s unit, Chevron Mediterranean Limited, received a notice from t…
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