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Chevron mulls floating LNG plant near Israel to supply Asia, Europe

Annual production capacity expected to reach several million tonnes

A production platform of the Leviathan natural gas field off the coast of northern Israel.   © Reuters

HOUSTON, U.S. -- Chevron is considering building a floating liquefied natural gas (LNG) plant in the eastern Mediterranean Sea to export gas to Europe and Asia.

The U.S. oil major will also begin trading LNG from the U.S. Gulf of Mexico as it aims to expand its presence in natural gas, which emits less greenhouse gases than coal.

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