Special to WorldTribune.com TEL AVIV — The Palestinian Authority has contracted to purchase natural gas from Israel. The Palestine Power Generation Co. has signed a 20-year agreement for the supply of Israeli gas from new offshore reserves in the Mediterranean Sea. The contract between the PA utility and Israel’s Delek Drilling and Avner Oil Exploration […]
Special to WorldTribune.com TEL AVIV — Israel has reported another major natural gas reserve in the Mediterranean Sea. Israel’s Delek Group said it found significant quantities of gas at the offshore Karish-1 well, located 75 kilometers northwest of Haifa. Delek, which holds a 53 percent interest, said tests conducted at Karish, located in the Alon […]
Special to WorldTribune.com NICOSIA — Israel and the Republic of Cyprus have reached a deal for joint energy exploration of the Mediterranean Sea. Two Israeli companies have signed an agreement to explore for crude oil and natural gas off the coast of the Republic of Cyprus. Under the agreement on Feb. 11, Avner Oil and […]