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

6 sourcesFirst reported 16 days agoUpdated 16 days ago

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What all sources covered

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.

6 sources

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