03:01 PM EST, 11/05/2025 (MT Newswires) -- Chevron ( CVX ) confirmed that it is close to a final investment decision to expand the Leviathan gas field off Israel's Mediterranean coast, Reuters reported Wednesday, citing an emailed statement from the company.

Chevron ( CVX ) and its field partners NewMed and Ratio signed a deal worth up to $35 billion in August to supply gas to Egypt primarily through new pipelines, according to the report.

However, Israel's Energy Minister Eli Cohen has not yet approved the gas export agreement to Egypt pending a fair price for the gas for the Israeli market, the report said.

The US government has pressured Israel into approving the export agreement, Reuters reported, citing the office of Cohen.

Chevron ( CVX ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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