US major Chevron (39.66%) operator of Israel’s giant 23tcf Leviathan gas field and its Israeli partners NewMed Energy (45.34%) and Ratio Energies (15%) on 23 September signed a deal to sell 0.75bcm to private Israeli petchems firm Haifa Group over a period of seven years. Local media reports the deal is worth $150mn, implying a gas sales price of $5.67/mn BTU.
For 2Q 2024 Leviathan domestic sales were at an average price of $5.58/mn BTU, substantially lower than the $6.54/mn BTU Chevron receives for exports to Egypt and Jordan (MEES, 13 September). (CONTINUED - 246 WORDS)
