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Israel announces a new tender for gas exploration in the Mediterranean.

6 sourcesFirst reported 15 days agoUpdated 15 days ago

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Israel has announced its fifth licensing round for natural gas exploration in its Exclusive Economic Zone in the Mediterranean.
The competition aims to enhance Israel's energy reserves and increase exports to neighboring countries and potentially Europe.
The bidding process will consist of three phases and is expected to take approximately one year to complete.
Energy and Infrastructure Minister Eli Cohen highlighted the economic viability of the natural gas sector during the announcement.
Israel's current natural gas needs are met by offshore reserves.

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Israel has announced the initiation of a new tender for the exploration of natural gas deposits in its Exclusive Economic Zone (EEZ) in the Mediterranean Sea. This marks the fifth round of licensing in the region, aimed at enhancing the country's energy reserves and increasing exports to neighboring markets as well as potentially to Europe in the future.

Energy and Infrastructure Minister Eli Cohen emphasized the economic viability of the natural gas sector during the announcement. The bidding process will unfold in three phases and is expected to take approximately one year to complete. Israel seeks to further develop its gas capabilities to meet domestic demands and bolster its energy exports.

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Israel announces a new tender for gas exploration in the Mediterranean.

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