Cyprus ends tender to import gas from Israel’s Leviathan

As Cyprus nixed an agreement to import gas from the Leviathan reservoir, the island country may stand to benefit from Israel’s ongoing indecisiveness over the large basin’s future.

The Cypriot Natural Gas Public Company (DEFA) has elected not to extend a tender regarding the future purchase of natural gas from Israel’s Leviathan reservoir, the basin’s shareholders reported to the Tel Aviv Stock Exchange on Sunday. At the same time, representatives of Noble Energy and the Delek Group – the main partners in both Israel’s Leviathan and Tamar reservoirs, as well as Cyprus’s Aphrodite reservoirs – are in Egypt for talks regarding gas export agreements, industry sources confirmed to The Jerusalem Post on Sunday.

Source: http://www.jpost.com/Israel-News/Cyprus-ends-tender-to-import-gas-from-Israels-Leviathan-389717

Leave a Reply

Your email address will not be published. Required fields are marked *