Chevron Corp. (NYSE:CVX) recently announced a partnership with Israel Natural Gas Lines, the state-owned pipeline operator of Israel, to kickstart construction of the Nitzana natural gas pipeline. This pipeline is set to transport natural gas from Israeli offshore fields to Egypt. This deal comes in light of Israel becoming a newfound energy hub, emerging as a major player in the regional energy market. The move underlines Chevron’s commitment to expanding its footprint in the East Mediterranean energy sector.
Chevron Signs Agreement With Israel for Building Natural Gas Pipeline to Egypt
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