Cyprus: Israel's Delek seeks gas cooperation

January 17, 2011 20:33


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Cyprus' commerce minister says Israeli energy firm Delek Group is seeking to work with Cyprus on natural gas.

Antonis Paschalides said on Monday that Delek has expressed interest for cooperation on natural gas. He didn't elaborate or disclose any details.

The east Mediterranean island is currently negotiating with bidders on a deal for the supply of liquefied natural gas for its energy needs.

Delek is part of a consortium led by Texas-based Noble Energy Inc. exploiting massive natural gas finds off Israel's coast that could turn the country into a major gas producer.

Cyprus has licensed Noble to explore an 800,000-acre (1,250-square-mile) area bordering Israeli waters where the Israeli gas fields have been found under the seabed.

Related Content

Breaking news
July 22, 2018
Islamic State announces death of one of its Egypt branch leaders