HomeWorld NewsChevron Declares Force Majeure as Israel Shuts Leviathan Gas Field

Chevron Declares Force Majeure as Israel Shuts Leviathan Gas Field

Published on

spot_img

By Julianne Geiger – Mar 02, 2026, 12:30 PM CST

Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows.

Israel’s energy ministry directed operator Chevron to shut in Leviathan following joint U.S.-Israeli strikes on Iran and subsequent retaliatory action across the region. Partner NewMed Energy said the suspension followed guidance from security authorities, noting that regulators instructed the consortium to adjust operations in line with evolving security conditions, including the possibility of temporary production halts as the situation develops.

Energean also confirmed that it had been ordered to suspend production at the Karish field.

Leviathan is Israel’s largest gas field, supplying Israel, Egypt, and Jordan. In the first nine months of 2025, the field sold 8.1 billion cubic meters of gas to the three markets, with Egypt accounting for more than half at 4.8 Bcm.

The shutdown echoes June’s disruption, when Israel halted Leviathan and Karish during a previous escalation. That interruption forced Egypt to curtail gas supplies to some industries, including fertilizer producers. Analysts now expect Cairo to increase LNG imports again to offset the loss of Israeli volumes.

The timing is ironic. The Leviathan consortium recently approved a $2.3 billion first phase of an expansion project designed to lift capacity from about 12 Bcm per year to roughly 21 Bcm annually. The field holds an estimated 22.9 trillion cubic feet of recoverable gas and underpins a $35 billion long-term export deal with Egypt running through 2040.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com

  • The U.S. Just Took a Giant Step in The Rare Earth Race With China
  • Venezuela Suspends 19 Oil Production Contracts
  • US Oil Drilling Activity Slows as Oil Prices Jump


Join the discussion | Back to homepage

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Related posts

Leave a comment

Latest articles

Pre-WAFCON Friendly: Super Falcons eye redemption against Lionesses

Reigning African champions, Nigeria’s Super Falcons, will seek a swift response when they face Cameroon’s Indomitable Lionesses in their second pre-WAFCON friendly in Yaounde on Tuesday. The 10-time Women’s Africa Cup of Nations (WAFCON) winners conceded a stoppage-time goal in Saturday’s first meeting at the Military Stadium, a setback many view as a timely wake-up

More like this