That is the outcome of a meeting on Sunday between Shaul Zemach, director general of the Energy and Water Ministry, and officials of Cyprus’ energy ministry. The two sides also discussed the possibility of developing a joint terminal for exporting natural gas.
The talks come less than a week after a government committee chaired by Zemach recommended that Israel designate most of its estimated 950 billion cubic meters in anticipated natural gas reserves for export. The controversial decision has yet to receive final approval.
Current estimates are that Cyprus will only begin producing gas from its own fields in 2018; the country wants to begin importing Israeli gas three years before that. The Cypriot media have quoted Neoklis Sylikiotis, the country’s commerce, industry and tourism minister, as saying Israeli, Greek and Cypriot officials will meet in the next month to set up a working committee to develop joint natural gas facilities, including a liquefied natural gas terminal on the island, which is some 450 kilometers from Israel…Read More>>