Chevron, responding to the heightened tensions in the region, has temporarily ceased natural gas exports through the major East Mediterranean Gas (EMG) subsea pipeline connecting Israel and Egypt. Instead, the company has shifted its gas supplies to the Arab Gas Pipeline, an alternative route passing through Jordan, in response to the security situation in the area. This decision follows the Ministry of Energy's directive to suspend production at the Tamar Production Platform and an escalating security situation in southern Israel.
The EMG pipeline, extending from Ashkelon in Israel to El-Arish in Egypt, has played a pivotal role in facilitating gas exports from the Chevron-operated Leviathan offshore gas field. The Leviathan consortium, led by Chevron, in partnership with Israel's NewMed Energy and Ratio Energies, has been reliant on the EMG pipeline for gas transportation to Egypt. In light of recent developments, the decision to reroute gas exports to the Arab Gas Pipeline indicates a strategic response to the evolving security landscape in the region.
The company's caution is reflected in its approach to prioritize the domestic gas supply within Israel before exporting any surplus gas. This prioritization ensures that local energy needs are met adequately, particularly in the face of potential disruptions in the region.
With the situation remaining dynamic and security concerns persisting, Chevron's proactive measures underscore its commitment to ensuring stable energy supplies while navigating the challenges posed by the ongoing conflict in the area.