Israel Boosts Gas Production to Record 3Bcf/d, Expands Export Capacity to Egypt

Israel's natural gas production will exceed 3 billion cubic feet per day (cfd) in 2026 for the first time, driven by Chevron-led expansion projects at Leviathan and Tamar fields. The increased output, adding 600 million cfd, will primarily flow to Egypt following pipeline debottlenecking efforts. Chevron and partners NewMed Energy and Ratio Energies confirmed a $2.36 billion investment in January 2026 to expand Leviathan's capacity from 12 to 21 bcm annually. Pipeline upgrades including the Ashdod-Ashkelon line and new Nitzana pipeline (operational by 2028) will boost exports to Egypt and Jordan by 1.8 bcf/d. This supports Israel's historic 15-year, $35 billion supply agreement with Egypt covering 130 bcm through 2040.