An Israeli team will meet with Cypriot officials soon. They want to finish a deal about sharing a large underwater gas field. This deal will help use the Aphrodite-Ishai field's full value. This field is located between the waters of both countries. The talks include people from Israel's Energy, Finance, and Justice ministries. They hope to build strong energy ties between the two nations. This will also help them send more gas to other countries.
The Aphrodite-Ishai field has a lot of natural gas. It has not been used much yet. The field is in a special place where Israel and Cyprus's waters meet. So, they must work together to develop it. For Israel, this deal is important for its plans to make more gas. This will help them export more gas and earn more money. Israel's Energy Minister, Eli Cohen, said developing the field is key. It will increase production, exports, and national income. This shows why the talks are so important for Israel's energy plans.
This agreement is also meant to create a lasting energy partnership between Israel and Cyprus. They expect this teamwork to make getting and sending the gas easier. The agreement will not only help them develop this one field. It will also be a plan for future energy projects in the Eastern Mediterranean. This shows a bigger plan for working together to produce and move gas. This area has much potential for oil and gas.
The deal will also help with sending the gas to other countries. They expect to use current and new ways to export the gas. One option is to send it through Egypt. Egypt has good facilities to make gas into a liquid form (LNG). This is a good way to reach markets around the world. Working together and using the region's facilities shows a smart way to use the gas. Finishing these talks will be a big step. It will help create a stable energy connection in this important area.