Tamar Petroleum

Chevron and Tamar Petroleum agree to a non-binding memorandum of understanding (MoU) to supply Egypt with additional natural gas, potentially worth up to **USD 20 billion**, starting in **2031**. The deal involves two of the four Tamar partners, while Chevron (25% stake) and Tamar Petroleum (16.75%) lead the initiative. Union Energy (14.5%) and Dor Gas (4%) have not yet confirmed participation.

Jul 2026EnterpriseAMNews article

Tamar Petroleum, a junior partner with a 16.75% stake, increases Israel’s natural gas production capacity by 250 million cubic feet per day (cfd). The expansion brings total capacity to 3.7 billion cfd, supporting domestic energy supply. The announcement follows a formal declaration on May 29.

Jun 2026MEESNews article

Israel temporarily shuts down the **Tamar offshore natural gas field** due to heavy rocket attacks from Gaza. The field operates under a consortium including **Chevron (25%)**, **Isramco (28.75%)**, **Mubadala Energy (22%)**, and other partners. Production halts follow escalating hostilities in the region.

Oct 2023The Times of IsraelNews article

Alon Group’s Alon Gas Exploration unit is considering a merger with Tamar Petroleum. The potential deal could value the transaction at 800 million shekels ($223 million). The move aims to consolidate Israel’s natural gas exploration sector amid rising industry activity.

Apr 2019HaaretzNews article