EU keen to buy natural gas from Israel, discussions underway

19 Mar 2016   Europe, Israel

The EU is interested in receiving natural gas from Israel, according to Israel’s energy ministry, with ministry sources saying Thursday that preliminary talks on future sales of gas are underway. A statement issued by the ministry said Israeli Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz discussed the issue on Wednesday with the EU ambassador to Israel Lars Faaborg-Andersen. The ministry statement said the discussions focused on “the timeline regarding the development of Israel’s offshore gas reservoirs and the possibility of exporting the gas from Israel to Europe.” The ministry statement quoted the ambassador as saying that the EU interest was aroused due to steps being taken to develop the Leviathan reservoir with 621 Bcm in estimated resources, as well as the prospect of finding more gas off Israel’s Mediterranean coast. The meeting between Steinitz and Faaborg-Andersen followed talks in recent days between the Israeli energy minister […]

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