Chevron Resumes Natural Gas Flow in East Mediterranean Pipeline After Month-Long Halt, Israel

Date:

Updated: 11:15 PM, Tue November 14, 2023

Chevron Resumes Natural Gas Flow in East Mediterranean Pipeline After Month-Long Halt

Chevron announced today that the natural gas flows through the East Mediterranean Gas (EMG) pipeline have resumed after a month-long halt. This pause was a result of the conflict between Israel and Hamas militants in Gaza.

Chevron Mediterranean Limited (CML) confirmed that on November 14, 2023, the natural gas flow through the EMG pipeline was resumed, bringing much-needed relief to the region. The pipeline, spanning 90 kilometers, connects the southern Israeli town of Ashkelon to El-Arish in Egypt. It serves as a critical link between the Chevron-operated Leviathan off-shore gas field and Egypt.

Exports via the EMG pipeline were temporarily suspended on October 10, three days after the start of the conflict. However, with the resumption of gas flow, the energy supply will stabilize in both countries, contributing to their economic stability.

The Leviathan consortium, comprising Chevron, Israel’s NewMed Energy, and Ratio Energies, plays a crucial role in supporting gas exports from Israel to Egypt. The region greatly benefits from this collaboration, as it fosters energy independence for Israel and promotes economic growth in Egypt.

Chevron also announced on Monday that the supply of natural gas from the offshore Tamar field has resumed. This development further solidifies the commitment of Chevron towards maintaining stability and reliability in the energy sector.

The resumption of natural gas flow through the EMG pipeline is not only a significant achievement but also demonstrates the resilience of the energy infrastructure in the face of challenges. Despite the temporary disruption caused by the conflict, this milestone reaffirms the importance of continued cooperation and engagement in the region.

Moving forward, it is crucial for all stakeholders involved to work together and maintain a peaceful and conducive environment for energy trade. The resumption of gas flow through the EMG pipeline serves as a positive catalyst for strengthening economic ties and fostering stability in the East Mediterranean region.

As Chevron resumes natural gas flows through the EMG pipeline, it stands as a testament to the company’s commitment to delivering reliable energy solutions and supporting the development of the East Mediterranean’s energy sector. By prioritizing the resumption of gas supplies, Chevron contributes to the economic growth of both Israel and Egypt while cementing its position as a significant player in the global energy market.

In conclusion, Chevron’s announcement regarding the resumption of natural gas flows through the EMG pipeline brings hope and stability to the region. As countries strive for energy security and economic prosperity, ongoing collaboration and investments in the energy sector are crucial. The East Mediterranean continues to show its potential as a vital hub for natural gas exports, further bolstering the region’s position in the global energy landscape.

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Shreya Gupta
Shreya Gupta
Shreya Gupta is an insightful author at The Reportify who dives into the realm of business. With a keen understanding of industry trends, market developments, and entrepreneurship, Shreya brings you the latest news and analysis in the Business She can be reached at shreya@thereportify.com for any inquiries or further information.

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