Israel's Energy Ministry is set to launch a new offshore licensing round, with the European Union and Egypt about to sign an agreement for Israeli gas exports via Egypt.
Energy
Minister Karine Elharrar on Monday announced the opening of a new competitive
process for natural gas exploration licenses in the Mediterranean.
She
said the Russia-Ukraine war has illustrated in recent months the dangers and
risks of energy availability and prices during the transition period from fossil
fuel use.
"Alongside
the real and sincere concern in Europe, there is a real opportunity for Israel
to export natural gas to Europe," Elharrar said at a news conference.
"We
established a three-way working group with Israel, Europe and Egypt. We will sign, I hope in the near future, a
memorandum of understanding that will create the framework agreement for
export," she said.
When
asked about keeping gas reserves for Israel, she reiterated that the needs of
the Israeli economy will always take priority.
The
Karish gas field is expected to go online in the third quarter of 2022 and in
March was connected to the Israel National Gas Line. The much larger Leviathan and Tamar gas fields already operate in
Israel's territorial waters.
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