Chevron will continue to expand natural gas production in Israel

Energy company Chevron Corp. is standing firm on its strategy to expand natural gas production in Israel, even in light of the conflict that has plagued the region. The company notes that this is part of their long-term visionary approach to the future of natural gas production.

The source of this information is Bloomberg. Even in the face of the conflict, Chevron remains committed to its plans to expand natural gas production in Israel, particularly at the giant Leviathan field. This field has already helped Israel achieve energy independence and become an exporter of vital fuel.

While work continues on the Leviathan field, the escalating conflict between Israel and Hamas has led to the suspension of production at another major field, Tamar. The incidents are recent, but Chevron's long-term plans for the gas-rich region remain unchanged, according to Colin Parfit, Chevron's vice president of downstream.

At the FT Energy Transition Summit in London, he emphasized that the company is following its long-term plan and is convinced that gas production in the region remains promising.

"Our business is a long-term business. We need to see the future," he said. "There is gas in this region, there is gas in the Eastern Mediterranean. Demand for gas globally and in Europe remains high, and the region continues to be attractive for gas supplies," Parfitt explained.

Chevron has demonstrated its confidence in the importance of its plan to expand natural gas production in Israel, which demonstrates its long-term approach and commitment to ensuring a sustainable supply of this resource, even in difficult times.