Israeli officials have met with the CEOs of gas & oil companies from around the world, including the US, Europe, China & Australia, to begin searching for further energy deposits off Israel’s Mediterranean coast.
After a four-year freeze in offshore natural gas exploration, National Infrastructure, Energy and Water Minister Yuval Steintiz declared Israel’s Eastern Mediterranean open for business on Tuesday.
“A year and a half ago when I entered my position, the gas was stuck, the sea was closed and the sector was strangled,” Steinitz said, at a Jerusalem press conference that morning. “We are changing this picture.” Continue Reading »
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