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Bloomberg Quint

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Image Credit: Bloomberg Quint

Israel Orders Temporary Shutdown Of Its Biggest Gas Field

  • Israel has ordered the temporary shutdown of its largest natural gas field, Leviathan, due to security concerns following military activities with Iran.
  • Energean Plc also suspended its gas production following the ministry's orders amidst escalating geopolitical tensions.
  • The shutdown is expected to impact regional gas supplies, notably to Egypt, which may need to accelerate LNG purchases, affecting global markets.
  • Chevron Corp operates the Leviathan field in the eastern Mediterranean, supplying gas to Israel, Jordan, and Egypt.
  • Energean's Karish field caters to Israeli domestic demand, while the status of Chevron's Tamar field remains unclear.
  • Chevron indicated that its employees and facilities are safe during this period.

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