Leviathan Gas Field

From Global Energy Monitor

The Leviathan Gas Field is located off the coast of Israel in the Mediterranean Sea and is the largest energy project in the history of the State of Israel.[1]


The map below shows the location of the gas field in the Mediterranean Sea, off the coast of Israel.

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The field was discovered in 2010. According to NS Energy, "in November 2016, HSBC Bank and JP Morgan agreed to provide a $1.75bn loan to Delek Group to fund the first phase of the field development. The project partners made the final investment decision in February 2017. The estimated investment for the phase one development is $3.6bn (€3.25bn). The annual natural gas production capacity is estimated to be 12bcm (1.2bcf/day)."[2]

The field first began producing gas in December 2019,[1] causing Israel to reach energy independence and become an exporter of gas.[3] Leviathan currently supplies gas to Israel, Egypt and Jordan.[4]

According to Delek Drilling, the project includes "four subsea production wells, a subsea production system connecting the production wells and the platform, a processing platform located approx. 10 km offshore within Israel’s territorial waters, and a designated pipeline to shore...The first phase of the development plan includes an option to expand the production capacity to 21-24 BCM per year by drilling additional wells and upgrading the production platform."[5]

In August 2020, according to the report "Five Years Lost How Finance is Blowing the Paris Carbon Budget," by Reclaim Finance, "JP Morgan and HSBC facilitated the issuance of a $2.25 billion project bond by Israeli-based Delek Drilling, aimed at financing the development of the Leviathan gas field. Banks such as BNP Paribas, Goldman Sachs and ABN AMRO are among the participants in the financial package."[6]

Project Details

  • Operator:
  • Owner: Noble Energy (39.66%); Delek Drilling (22.67%); Avner Oil Exploration; (22.67%); Ratio Oil Exploration (15%)[2]
  • Parent company:
  • Location: Mediterranean Sea
  • Coordinates: 33.0014, 33.649 (exact)[7]
  • Reserves: 13.3 tcf of 2P gas reserves[4]
  • Status: Operating[1]


  1. 1.0 1.1 1.2 "Leviathan – History in the Making". Noble Energy. Retrieved 2021-02-01.
  2. 2.0 2.1 "Leviathan Gas Field, Leviathan Basin, Mediterranean Sea, Israel". NS Energy. Retrieved 2021-02-01.
  3. Solomon, Shoshanna (December 16, 2019). "Israel to start pumping gas from Leviathan, making country an energy powerhouse". www.timesofisrael.com.
  4. 4.0 4.1 Delek Drilling (July 2020). "Leviathan Gas Field" (PDF).
  5. "Leviathan Gas Field". Delek Drilling. Retrieved 2021-02-02.
  6. "Five Years Lost How Finance is Blowing the Paris Carbon Budget" (PDF). Reclaim Finance. December 2020.
  7. "Index of Oil and Gas Wells in Israel" (PDF). Ministry of Energy. June 7, 2020.