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Chevron Signs $610M Deal for Israel-Egypt Gas Pipeline

9/18/2025

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Summary

Story summary

Chevron and Israel Natural Gas Lines Ltd signed a $610 million deal to construct a 65-kilometer pipeline from Israel’s Leviathan gas field to Egypt.
The pipeline will transport 600 million cubic feet of gas daily, boosting Israel's export capacity.
This project is part of a $35 billion gas supply agreement, Israel's largest export deal.
In 2024, gas exports to Egypt and Jordan increased by over 13%, generating record revenue.
Since January 2020, Leviathan has supplied 23.5 bcm of gas to Egypt, making up 15% to 20% of its consumption.

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Story summary

Chevron and Israel Natural Gas Lines Ltd signed a $610 million deal to construct a 65-kilometer pipeline from Israel’s Leviathan gas field to Egypt.
The pipeline will transport 600 million cubic feet of gas daily, boosting Israel's export capacity.
This project is part of a $35 billion gas supply agreement, Israel's largest export deal.
In 2024, gas exports to Egypt and Jordan increased by over 13%, generating record revenue.
Since January 2020, Leviathan has supplied 23.5 bcm of gas to Egypt, making up 15% to 20% of its consumption.