The Leviathan gas field partnership, which includes Chevron, NewMed, and Ratio, has reached a significant agreement with Haifa Group (formerly known as Haifa Chemicals) for the supply of natural gas. The agreement, recently signed, spans seven years and totals $150 million. As part of the agreement, the partnership will supply 0.75 BCM (billion cubic meters) of natural gas to Haifa Group.
The importance of this agreement lies in the fact that it is a unique deal between the Leviathan partnership and an Israeli industrial company. The natural gas supplied will serve two main purposes for Haifa Group: first, for the company’s regular operational needs, and second, as a raw material for a new ammonia plant currently under construction in Mishor Rotem. The agreement is expected to take effect upon the completion of the ammonia plant, which is planned for 2025.
This agreement is in addition to another recently signed long-term agreement by the Leviathan partnership for the supply of natural gas to the Eshkol power station. It is worth noting that the Haifa plant, located in Mishor Rotem in the Negev, is considered one of the most prosperous factories since moving its operations to the area. The plant’s activity has significantly increased, particularly in the production of potassium nitrate.
