Chevron, one of the world’s leading oil and gas companies, is stepping up its efforts to strengthen its role in the global liquefied natural gas (LNG) market. With Europe seeking alternatives to Russian gas, the U.S. energy giant is exploring new regasification opportunities and expanding its presence in the Eastern Mediterranean. The company’s long-term strategy focuses on securing global partnerships and ensuring stable energy supply for growing markets.
Chevron’s Push into European Regasification
Following the reduction of Russian gas imports after the Ukraine crisis, Europe has turned heavily to LNG as a reliable energy source. The U.S. has emerged as the continent’s top supplier, and Chevron is keen to play a larger role. According to Freeman Shaheen, president of Chevron’s global gas division, the company is in early talks with European partners to explore both existing and new regasification facilities.
For Europe, regasification terminals are not just infrastructure projects but also a matter of national security, ensuring stable access to energy. Chevron’s involvement could help the continent diversify supplies and meet its 2027 goal of phasing out Russian fossil fuels.
Eastern Mediterranean: A Strategic Priority
Chevron is also prioritizing the Eastern Mediterranean, particularly the expansion of Israel’s Leviathan gas field, which already supplies energy to Egypt and Jordan. Floating LNG (FLNG) projects are being considered as part of the company’s strategy to boost exports from this resource-rich region.
The Eastern Mediterranean offers Chevron not only a chance to expand its LNG capacity but also an opportunity to contribute to regional energy stability. By supporting cross-border supply, Chevron aims to provide millions of people with reliable access to natural gas.
Chevron’s dual focus on European regasification and Eastern Mediterranean expansion highlights its commitment to strengthening its global LNG footprint. With long-term contracts already in place across Asia Pacific, West Africa, and the U.S., Chevron is positioning itself as a key player in the transition toward diversified and secure natural gas supplies.
By balancing infrastructure investment and strategic partnerships, the company is ensuring it can meet the world’s rising energy demand for years to come.
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Source: LONDON SOUTH EAST
