Overview

• On June 13, Israel’s energy ministry ordered a temporary shutdown of the Leviathan field citing security concerns after airstrikes on Iranian nuclear sites.
• Energean plc confirmed it has halted production on its Power FPSO offshore Israel under ministry orders and notified its customers of the pause.
• The Leviathan field, operated by Chevron Corp, supplies domestic markets and exports to Egypt and Jordan, and its closure threatens Egypt’s rising summer gas demand.
• European benchmark gas prices rose as much as 6.6% following the Eastern Mediterranean output halt, underscoring regional supply vulnerabilities.
• Chevron stated its staff and facilities remain safe, and Egypt may accelerate LNG imports if Israeli production stays offline.