Chevron has made the final investment decision on the expansion project of Leviathan gas field.

Chevron Corporation announced that it has made a final investment decision on the capacity expansion project for the Leviathan natural gas field off the coast of Israel. The expansion project is expected to come online by the end of this decade. The project includes adding three new offshore drilling rigs and upgrading natural gas processing facilities. Once operational, the annual natural gas transmission volume to Israel and surrounding areas is estimated to increase to approximately 21 billion cubic meters. Chevron Mediterranean Limited holds a 39.66% interest in the project, while Noble Energy and Delek Drilling hold stakes of 45.34% and 15% respectively.