After more than a decade of negotiations, Energy Minister Dr. Yuval Steinitz has reached an agreement with his Cypriot counterpart, Minister Natasa Pilides, on resolving the dispute over the Aphrodite-Yishai natural gas reservoir that crosses the maritime territory of Israel and Cyprus.
Israel Natural Gas Lines Ltd. (INGL) today signed an addendum to the Memorandum of Understanding (MOU) with IGI Poseidon for the design of the EastMed pipeline connection to INGL's transmission system.
Subsequent to connection of the Leviathan reservoir and exports to Egypt and Jordan, the Ministry of Energy in 2020 has collected in excess of 1.1 billion shekels from natural gas and minerals royalties.
Against the background of the growing cooperation in the field of energy, and the establishment of the Eastern Mediterranean Gas Forum (EMGF), the ministers expressed their support for the construction of robust and well-connected energy infrastructure throughout the Eastern Mediterranean so as to maximize the potential of the region's natural gas reservoirs.
This week the Petroleum Commissioner at the Ministry of Energy, Yossi Wurzburger, approved for Goldline, IGI Poseidon’s representative in Israel, to begin carrying out a preliminary survey to gather information for laying of the East Med pipeline and its engineering layout