Chevron restarts gas production in Israel after a brief halt during Iran’s attack

Chevron has resumed production and delivery of natural gas from two platforms off the coast of Israel, where production was briefly suspended as a precaution following the Iranian missile attack on Israel on Monday.

Iran fired more than 100 ballistic missiles at Israel yesterday after the United States warned Israel on Monday morning that an attack was imminent.

Oil prices rose after news of the attack emerged, amid concerns that the region’s oil and gas supplies could be affected in the event of a wider conflict directly involving Iran, which is close to the country’s main oil route. world, the Strait of Hormuz. .

“Chevron Mediterranean Limited (CML) can confirm that we have resumed production at both our Tamar and Leviathan facilities and are supplying natural gas to our customers in Israel and the region from both reservoirs,” the US supermajor said in a statement conveyed by Russian news. desk TASS.

“All questions regarding the current security situation should be directed to the appropriate Israeli government authorities,” Chevron added.

A year ago, Chevron also shut down the Tamar gas field following Hamas’s attack on Israel in early October 2023, which fueled the ongoing conflict in the region.

Chevron Mediterranean Limited operates Tamar and has a 25% interest in the field. At Tamar, six production wells each produce volumes of natural gas ranging from 7.1 to 8.5 million cubic meters per day. Most of the natural gas processing takes place at the Tamar platform, 24 kilometers west of Ashkelon. Tamar provides 70% of Israel’s energy consumption for electricity generation, Chevron says.

Chevron has a stake in another gas field off the coast of Israel, the Leviathan gas field, Israel’s largest ever energy project, after it bought Noble Energy. The Leviathan gas reservoir was one of the world’s largest deepwater gas discoveries in the 2000s and its development is the largest energy project in Israeli history. The gas field is located deep in the Mediterranean Sea, 130 kilometers west of Haifa.

By Charles Kennedy for Oilprice.com

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