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.