Israel's Energy Ministry Says Chevron Halted Natural Gas Exports From Israel Via EMG Pipeline To Egypt, Using Alternative Pipeline Through Jordan
Portfolio Pulse from Bill Haddad
Chevron (CVX) has halted natural gas exports from Israel to Egypt via the EMG pipeline, according to Israel's Energy Ministry. The company is now using an alternative pipeline through Jordan.
October 10, 2023 | 2:17 pm
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NEUTRAL IMPACT
Chevron's decision to halt natural gas exports from Israel to Egypt via the EMG pipeline and use an alternative pipeline through Jordan could potentially impact its operational efficiency and costs.
The halt of natural gas exports via the EMG pipeline and the switch to an alternative pipeline through Jordan could potentially lead to changes in Chevron's operational efficiency and costs. However, without specific details on the reasons for the switch and the cost differences between the two pipelines, it's difficult to predict the exact impact on Chevron's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100