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Israel mulls gas exports to Cyprus

Israel, Greece, and Cyprus have strengthened their alliance during a summit in Jerusalem, focusing on joint energy projects and regional cooperation. A key outcome is the plan to connect Israel's major offshore gas fields to liquefied natural gas facilities in Cyprus, enabling exports to global markets. The initiative is expected to attract private investment for pipeline construction, reducing the need for government funding. In addition, work will begin soon on electricity interconnection between Israel and Cyprus, further integrating their energy infrastructure. These developments come amid ongoing tensions with Turkey over maritime boundaries and economic rights in the eastern Mediterranean, with the alliance positioning itself against Turkish claims and actions in the region.

Original article source: https://en.globes.co.il/en/article-israel-mulls-gas-exports-to-cyprus-1001530187
Source Id: 9015773021

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