Chevron wades into Israeli gas price dispute
The major has ruffled Israeli feathers less than a month into its ownership of a key asset
Chevron completed its acquisition of US independent Noble Energy just a few weeks ago, with the latter’s gas assets in the Eastern Mediterranean a key component of the deal. But the new owner’s relationship with host government Israel is off to a sour start, with Chevron playing hardball over the renegotiation of a gas sales deal agreed by Noble and its Tamar gas field partners in 2012. Chevron holds a 25pc stake in Tamar, alongside a slew of local actors—Delek Drilling (22pc), Isramco (28.75pc), Tamar Petroleum (16.75pc), Dor Gas (4pc) and Everest (3.5pc). Chevron and Delek oppose a deal the other partners have agreed with utility Israel Electric Corp. (IEC) to cut the price IEC pays for Ta
Also in this section
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
