Israel Seeking Foreign Partners in Gas Fields

Israel is looking for foreign partners to help in exploiting some 35 trillion cubic feet of natural gas sitting off its coast.

Israeli officials are actively seeking foreign partners to help tap massive natural gas resources recently discovered off of its coast.

“All parties with expertise and know-how in prospecting, extraction and infrastructure are welcome,” Shaul Tzemah, head of Israel’s energy ministry, told French delegates at a seminar on Wednesday.

“It’s now or never – if you want a presence, there are opportunities to be grasped,” he told representatives of Electricité de France (EDF), Suez-Gaz de France and Technip.

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By Gabe Kahn