A third submarine pipeline will connect the Leviathan gas field to its operating platform in Israel, increasing its capacity to produce gas, the consortium that operates the field announced on Sunday.
A total budget of 520 million euros
Leviathan field operators NewMed Energy, Chevron Mediterranean Limited (CML) and Ratio Energies have made the decision to build a third subsea pipeline connecting Leviathan to their platform ten kilometers off the Israeli coast, according to a joint statement. “The total budget of the project amounts to approximately 568 million dollars (about 520 million euros)”, it is indicated.
This new pipeline will significantly increase Leviathan’s production capacity, the press release continues, forecasting a first flow in the second half of 2025. This should increase from 12 billion to 14 billion m3 per year.
605 billion m3 of gas
Discovered in 2010, this field in the Mediterranean located about 130 kilometers west of the Israeli port of Haifa, contains estimated exploitable resources of about 605,000 million m3 of natural gas, according to the Israeli-American consortium that exploits it. It is the largest natural gas field in the Israel Sea, also producing natural gas from the Tamar and Karish offshore fields.
“The expansion of production capacity (…) will allow us to supply more natural gas to the local and regional markets and soon also to the world market,” said Yossi Abu, CEO of NewMed Energy, which has the rights to exploit more 45% of Leviathan. Launched in 2019, the production in this field is exported to Jordan and Egypt, and also supplies the Israeli domestic market.
Source: BFM TV
