President meets gas company officials

Rhonda Ballance News Editor. E-mail:

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President meets gas company officials


President Nicos Anastasiades on Tuesday met with a delegation of Israeli energy conglomerate Delek, a partner in the consortium with the concession on the Aphrodite prospect in Block 12 of Cyprus’ Exclusive Economic Zone.

Later, Delek deputy CEO Yaniv Friedman told reporters that during the meeting with Anastasiades “we stressed Delek’s commitment to Cyprus and to the cooperation between Cyprus and Israel and for the development of Aphrodite and we would like to accelerate this and move this project forward as soon as possible.

“We are also moving forward with our plans for Leviathan and we hope there will be close cooperation between the two countries and the two projects,” Friedman added.

British Gas (since taken over by Shell) acquired 35 per cent equity in offshore Block 12, Aphrodite, last November in a transaction worth $165m (€155m).

Under the deal, Texas-based Noble Energy remains the operator of Block 12, retaining 35 per cent of equity. The other stakeholders are Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership, each with a 15 per cent working interest.

The Aphrodite gas reservoir in Block 12 was declared commercial in 2015.

Delek has characterised Aphrodite as a 4.5 trillion cubic feet (contingent and prospective) natural gas discovery.

On Monday, Energy Minister Giorgos Lakkotrypis said the government had received from the Aphrodite consortium a ‘revised’ development plan for the reservoir, and would be relaying its observations to the consortium.


Netanyahu invites Russia to develop Israel’s gas fields

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On Tuesday, Russian President Vladimir Putin met with Israeli Prime Minister Benjamin Netanyahu in Moscow. They discussed economic cooperation including energy ties.
© Alexandre Meneghini

“Our doors are open for every company from any country that has vast experience in the development of gas fields, including Russia, of course,” said Netanyahu at a joint news conference, adding that there are no legislative barriers stopping Russian companies working in Israel.

Putin was also asked about the gas contract with Poland which expires in 2022. The Russian President said Gazprom is looking for another partner in Europe who will buy the volume taken by Poland, including Israel.

“Our partners in Poland haven’t refused anything yet. However, the statement we are talking about, was made by a high-ranking official and the company purchasing our gas is state-owned, that’s why we don’t rule out such a possibility,” Putin said, adding that the gas may go to Israel to be then resold to Poland.

The Russian President added that plans for future Turkish Stream and South Stream gas pipeline projects have not been scrapped.

“All we need is a clear position from the European Commission. A clear, understandable and unambiguous stand. There isn’t one for either project,” said Putin.

The Turkish Stream project was frozen in December 2015 after a sharp deterioration in relations between Moscow and Ankara after a Russian warplane was shot down by Turkey. The pipeline was intended to substitute another suspended gas project, South Stream, which was going to deliver Russian gas to southern Europe through Bulgaria, Serbia and Hungary.


Israel to Lead the World in Gas, Oil Exports

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The nation that once relied on imported coal, natural gas and oil for its energy needs may soon become energy-independent due to a recent discovery of giant gas fields Israel never knew it had.




Russia wants share in Israeli gas

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Benjamin Netanyahu, Vladimir Putin  photo: Reuters


Gazprom’s interest in Israeli gas reservoir Leviathan is a strategic issue for Russian President Vladimir Putin.

The Russian press reported at the end of last week that Russia was seeking to enter the Israeli natural gas industry, following a meeting in Russia last Thursday between Russian President Vladimir Putin and Prime Minister Benjamin Netanyahu.


Russia Interested in Gas Production on Israeli Mediterranean Shelf

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The Russian companies are interested in participating in the gas production projects in the Mediterranean shelf of Israel, according to the materials to the meeting of Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu.

MOSCOW (Sputnik) — Earlier in the day, the Israeli prime minister arrived in Moscow to meet with the Russian president.


“Among the promising areas of cooperation <…> the energy sphere (Russian companies are interested in participating in the natural gas production projects on the Mediterranean coast of Israel),” the documents read.According to the materials, the promising areas of bilateral cooperation are aircraft construction, agriculture, pharmaceuticals and healthcare.

Netanyahu’s visit comes soon after Israeli President Reuven Rivlin visited the Russian capital in March. During the meeting, with Israeli President, Putin noted that he was planning to hold talks with the Israeli prime minister in the near future.


Netanyahu loses gas battle but wins war

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