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0.000344638887373667 0.000411768548914318 0.00113101492256404 0.00209001008743027 -0.000888269271457384 -7.79183571462662E-06 -0.000987765019812323 0.00167044970280132
Stock impact report

Chevron Approves Leviathan Gas Expansion in Eastern Mediterranean [Yahoo! Finance]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: Yahoo! Finance
The U.S. oil major said on Friday that its subsidiary, Chevron Mediterranean Limited, alongside its partners, has reached a Final Investment Decision (FID) to increase production capacity at the Leviathan offshore platform. The project is designed to raise total gas deliveries from the reservoir to around 21 billion cubic meters per year, up from current levels. The expansion will involve drilling three additional offshore wells, installing new subsea infrastructure, and upgrading processing facilities on the existing production platform. First gas from the expanded capacity is expected toward the end of the decade, subject to project execution timelines. Leviathan is one of the largest natural gas discoveries in the Mediterranean and plays a central role in supplying Israel's domestic market as well as export volumes to Egypt and Jordan. Gas from the field is sent to Egypt via pipeline, where it is used both for domestic consumption and LNG exports to Europe and other markets. Show less Read more
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