Launch of Fourth Offshore Bid Round for Natural Gas Exploration Licenses

תאריך: 5/30/2022

​Minister of Energy Karine Elharrar instructed Ministry personnel to prepare for the launch of the fourth offshore bid round for natural gas exploration licenses in the Exclusive Economic Zone (EEZ) of the State of Israel, Elharrar said in a press conference she held this morning at the Ministry of Energy.

"The State of Israel is gearing up to help Europe diversify its sources of energy. The global energy crisis is an opportunity for the State of Israel to export larger quantities of natural gas, alongside the genuine and sincere concern about the events taking place in Europe", explained Minister of Energy Karine Elharrar.

Minister of Energy Karine Elharrar instructed Ministry personnel to prepare for the launch of the fourth offshore bid round for natural gas exploration licenses in the Exclusive Economic Zone (EEZ) of the State of Israel, Elharrar said in a press conference she held this morning at the Ministry of Energy.

In view of the war in Ukraine and its impact on the supply of natural gas to the European continent, the Minister of Energy instructed Ministry staff to accelerate the strategic preparations for the launch of a fourth natural gas exploration offshore bid round. Yesterday (Sunday), the Minister instructed Director General Lior Schillat to launch the fourth offshore bid round for natural gas exploration licenses in the EEZ of the State of Israel.

Minister of Energy Karine Elharrar said: "According to my policy, in the past year the Ministry of Energy focused on promoting renewable energies and removing bureaucratic and regulatory barriers, with the aim of facilitating the connection of renewable energies and establishing a solid basis for the continued massive promotion of renewable energy utilization.

The State of Israel is gearing up to help Europe diversify its sources of energy. The global energy crisis is an opportunity for the State of Israel to export larger quantities of natural gas, alongside the genuine and sincere concern about the events taking place in Europe. The Ministry of Energy, under my leadership, is working to guarantee the energy security of Israel, diversification of our sources of energy and investment in renewable energies and the gas reserves for the Israeli economy over the coming decades".

Ministry of Energy Director General Lior Schillat said: "The geopolitical events around the world and the global energy crisis they spawned have transformed the condition of the energy market. Following the crisis, we launched talks with our international counterparts, mainly in Europe, the United States and Egypt, in an attempt to understand their strategy in the face of the crisis.

It is important to emphasize that both we and the Europeans agree that the most important strategic move in overcoming the crisis is to accelerate the development of renewable energies. However, one cannot ignore the global need for natural gas both in the immediate future and in the medium term. The Europeans stated very clearly that if they do not find sufficient sources as alternatives for the natural gas they need, some of the EU member countries will be forced to revert to the use of coal to produce electricity.

Furthermore, it is hard to overstate the importance of natural gas in strengthening the ties between Israel and Egypt, and its effect on Israel's geopolitical position in the Middle East".

Photograph credit: Elad Zagman, Government Press Office