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Market Chatter: Chevron's Leviathan Gas Field Shut After Israel Orders Temporary Closures
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Market Chatter: Chevron's Leviathan Gas Field Shut After Israel Orders Temporary Closures
Mar 11, 2026 5:58 AM

06:30 AM EST, 03/02/2026 (MT Newswires) -- Chevron ( CVX ) -operated Leviathan offshore gas field paused production after Israel's Energy Ministry ordered the temporary closure of parts of the country's natural gas reservoirs following US-Israel strikes on Iran over the weekend, Reuters reported Saturday, citing unnamed sources.

Israel's Energy Ministry said the move was taken due to the current security situation and based on security assessments, adding that domestic energy demand would be met through alternative sources and that power stations could switch to alternative fuels if needed, accordint to the report.

Chevron ( CVX ) did not immediately respond to a request for comment by 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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