Filenews 26 June 2025
Reports in Israel say that the interruption of gas production from the Leviathan field during the Israeli-Iranian hostilities resulted in a loss of $12 million in revenue for the Chevron, NewMed and Ratio Energies consortium, which is now studying the Israeli state's claim for compensation.
The interruption of natural gas production from Leviathan (and from Karis, of the Greek Energean) took place on June 13, by decision of the Israeli authorities, in order to avoid the risk of sabotage, with huge consequences for the environment. The country's government decided today to allow the reopening of the two fields.
Leviathan and Karish feed Egypt and Jordan.
Israeli gas accounts for about 15-20 percent of Egypt's consumption, according to data from the Joint Organizations Data Initiative. The disruption of Israel's gas supply has led Egyptian fertilizer producers to halt operations. Egyptian Prime Minister Mustafa Madbuli said gas pumping to the plants would resume on Friday, according to a statement from the North African country's cabinet.
Leviathan produces 12 billion cubic meters of natural gas annually, which are sold to Israel, Egypt and Jordan. This amount is expected to increase to around 14 billion cubic meters in 2026.
