Israel renews gas exploration, expects export deal to Europe
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(Worthy News) – Israel is renewing offshore natural gas exploration and hopes to reach an agreement soon for exporting gas to Europe, Israel’s energy minister said on Monday.
Energy Minister Karine Elharrar had said exploration for new gas fields would be put on hold to focus on meeting renewable energy targets but due to the war in Ukraine, Europe is now looking for a quick replacement of supply from Russia.
Because of this, she said she instructed the ministry to prepare for a new round of tenders for gas exploration off Israel’s Mediterranean coast, which is expected to begin in the third quarter. [ Source: Reuters (Read More…) ]
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