Gazprom Cedes Israeli Fields to Novatek – Israeli Minister

December 2, 2013

Russian natural gas giant Gazprom has given potential projects on the Mediterranean Sea shelf away to major private producer Novatek, Prime cited Israeli Foreign Minister Avigdor Liberman as telling Russian news agencies in an interview on November 29.

Liberman said that the development of large gas fields recently discovered on the Israeli shelf is one of the priorities of the Russian-Israeli cooperation, although no concrete steps have been taken due to internal Russian and Israeli problems.

Russia may participate in laying a pipeline on the bottom of the Mediterranean Sea to Cyprus to pump Israeli gas to the European market, Liberman said. Another project of cooperation could become the construction of facilities to produce liquefied natural gas.

The minister expects a decision on these issues to be made by the end of 2013.

Copyright: Prime, 2013