Cooperation Between Cyprus and Israel for Natural Gas Supply
October 14, 2024
Israel and Cyprus's Energy Ministries are in talks regarding a potential agreement for natural gas supply from Israel to Cyprus via a pipeline. A $1.5 billion contract is expected to be signed, lasting for 10 years. Energean, which operates the Karish gas fields, will handle the gas exports. This collaboration aims to increase the consumption of natural gas in Europe.