Core Insights - Chevron Corporation has partnered with Israel Natural Gas Lines to initiate the Nitzana natural gas pipeline project, aimed at transporting gas from the Leviathan field to Egypt, enhancing Israel's energy relations with Egypt and addressing Egypt's energy challenges [1][7] Group 1: Leviathan Project Overview - The Leviathan field is one of the largest deepwater natural gas fields globally, with approximately 85 trillion cubic feet of hydrocarbon resources discovered over the last two decades, leading to a 40% increase in natural gas reserves over the past 10 years [2] - The Leviathan project involves key stakeholders: New Med Energy (45.34% stake), Chevron Mediterranean (39.66%), and Ratio Energies (15%), supplying gas to Israel, Egypt, and Jordan [2] Group 2: Regional Energy Exports - The Leviathan field has an estimated reserve of 600 billion cubic meters, underpinning a $35 billion deal to supply gas to Egypt, with the Nitzana pipeline expected to add a capacity of around 600 million cubic feet of gas per day, raising Israel's total exports to Egypt above 2.2 billion cubic feet daily [3] Group 3: Egypt's Energy Crisis - Egypt is facing significant natural gas shortages, leading to emergency measures to prevent blackouts, despite its ambitions to become a regional energy hub and major LNG supplier, highlighting the conflict between export goals and domestic energy needs [4] - The energy crisis is exacerbated by slow economic growth, financial instability, and technical issues at the Zohr field, prompting Egypt to seek long-term LNG supply deals to stabilize gas supply for power stations [4] Group 4: Future Supply & Growth Prospects - Other producers, such as Energean, are looking to utilize the Nitzana pipeline, with plans to transport up to 2 billion cubic meters annually from its Katlan field, expected to commence production in 2027, reinforcing regional energy cooperation and supporting Egypt's energy stability [5]

Group 1 - Chevron has signed a deal with Israel's state-owned pipeline operator to initiate the construction of the Nitzana natural gas pipeline [1] - The pipeline will transport gas from the Leviathan gas field to Egypt [1]