Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.
By Stanley Reed
Six miles off the coast of Israel …. an ungainly steel structure looms above the blue Mediterranean.
This 200-foot-tall stack of living quarters, tanks and pipes regulates and processes a torrent of natural gas from wells at the sea bottom around 70 miles farther offshore.
Largely because of Leviathan, as this gas field is known, Israel has far more natural gas than it can consume or its limited network of pipelines can hold……
Chevron finds itself with a trove of gas on Europe’s doorstep that Russia’s brutal war in Ukraine has made more valuable. Flows of gas from Russia, long the continent’s main supplier, have plummeted. ……
The company’s Israeli operations are helping fill the need….
full story: https://www.nytimes.com/2023/07/27/business/energy-environment/israel-gas-europe.html?smid=em-share