Israel to auction off 4 Mediterranean natural gas exploration zones
JERUSALEM, Dec 13 (Reuters) - Israel's Energy Ministry said on Tuesday it would seek bids on four zones in the east Mediterranean from energy companies interested in exploring for natural gas.
Reuters News 14.12.2022
Large gas deposits were discovered in the area over the past decade and a half, and Israel hopes more will be found to increase reserves and advance a deal to supply gas to Europe, which is looking for new energy sources.
One of the zones is adjacent to the maritime border with Lebanon that was set in October under a historic, U.S.-brokered deal.
Did you find this article interesting?