On March 1, 2026, Chevron Mediterranean Limited, operator of the Leviathan field, officially reported the completion of the so-called Third Pipeline Project, a subsea infrastructure connecting the field to its offshore platform. This project also includes the modernization of the platform’s processing systems, allowing for an increase in natural gas production capacity to approximately 14 billion cubic meters (BCM) per year.
This advancement represents a strategic step toward consolidating the Leviathan field as one of the pillars of energy supply in the Eastern Mediterranean, with a view to strengthening exports to key markets such as Egypt, Jordan, and potentially Europe.
Technical details of the project
The project involved the installation of a third subsea transmission pipeline from the field to the platform, along with a comprehensive upgrade of the systems on it. As a result, the field’s operational capacity has doubled compared to initial extraction volumes.
The Leviathan field partners maintain the following stakes:
- The Partnership (majority shareholder): 45.34%
- Chevron Mediterranean Limited: 39.66%
- Ratio Energies – Limited Partnership: 15%
The planning and execution of the project took place over the last three years, with periodic reports published by the Partnership in its regulatory and stock market filings.
Energy and geopolitical impact
With this new pipeline operational, the Leviathan field strengthens its role as a regional energy provider, within a global context marked by the redesign of supply routes and the search for alternative natural gas sources. The expanded capacity will facilitate higher export volumes, particularly toward Egyptian infrastructure systems, where it is regasified for wider distribution.
The move also reinforces Chevron’s position as a dominant player in the development of energy infrastructure in the region, while highlighting Israel’s growing influence as an export hub for natural gas.
Outlook for partners and the market
For the project stakeholders, the completion of the third pipeline represents a key commercial milestone. Increasing installed capacity allows for the negotiation of long-term contracts with neighboring countries, as well as improving operational resilience in high-demand scenarios.
Additionally, this improvement is expected to generate higher revenues and financial stability for the participants, particularly for the Partnership and Ratio Energies, which now have a broader operational margin.
Growth projection and next steps
The success of the Third Pipeline Project sets the stage for further expansions at the Leviathan field, especially considering the international context of energy transition and source diversification. As regional demand increases, the subsea infrastructure and modernized platform will be ready to respond with efficiency and scale.
Source: NewMed Energy
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