Energy Agreements Frozen: Chevron Halts Gas Exports from Israel to Egypt, European Gas Prices Rally
Chevron has temporarily halted natural gas exports through the East Mediterranean Gas (EMG) pipeline between Israel and Egypt due to the escalating conflict between Israel and militants in the Gaza Strip. Instead, Chevron is supplying gas via an alternative pipeline through Jordan. The EMG pipeline is the main link between the Chevron-operated Leviathan offshore gas field and Egypt. Israel's energy ministry confirmed that Chevron has requested to export gas through an alternative pipeline that links Leviathan to Jordan as well as Egypt.