Israel Want a 5% share or more of the Aphrodite Gas Reserve

By in

Israeli Energy Minister Yuval Steinitz told Cypriot leaders on Tuesday that Israel wants 5% or more from the joint Aphrodite-Yishai natural gas field in the southeast.

The dispute with the Cypriots is about how the Israeli share will be guaranteed because it’s the Cypriots who will be developing the field. The two sides agreed that if the companies involved fail to come to an agreement, an expert will be hired to offer a compromise.