'Greece and Israel discuss cooperation on natural gas'

Greek Investment Minister says his country may become a "transportation hub and services center" for gas found in Leviathan field.

By JPOST.COM STAFF
January 24, 2011 16:48
1 minute read.
Offshore Leviathan gas field.

leviathan gas drill. (photo credit: (Albatross))

 
X

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

Greece has begun talks with Israel about transporting natural gas to Europe, Greek Investment Minister Harris Pamboukis told Reuters on Monday.

"The Israelis have found big quantities of offshore gas in the Mediterranean," Pamboukis explained. "We are trying to see how Greece could be seen as a transportation hub and a services center, since it is on a natural road to the Balkans and Europe."

Be the first to know - Join our Facebook page.


RELATED:
Cabinet approves Sheshinski proposals on gas, oil
Enormous gas wealth can be a blessing or a curse

Pamboukis emphasized that these are only exploratory talks, initiated after natural gas was discovered in the Leviathan field, Reuters reported.

He added that he had been appointed the Greek coordinator for relations with Israel.

Exploratory drilling by the companies investing in Leviathan - Delek Energy, Razio, Isramco and Noble Energy - began in early January. Leviathan is the largest natural gas find in Israel's history, with an estimated 16 trillion cubic meters of gas.

Relations between Israel and Greece warmed in the past year, with Prime Minister Binyamin Netanyahu paying the first visit to the country by an Israeli prime minister in August, a month after his Greek counterpart George Papandreou came to Israel.

Related Content

Riot
August 31, 2014
Rioting resumes throughout east Jerusalem Saturday night

By DANIEL K. EISENBUD