Prime Minister Benjamin Netanyahu and President Nicos Anastasiades agreed to cooperate over the neighboring Yishai and Aphrodite gas fields.
Israel’s Prime Minister Benjamin Netanyahu and the President of Cyprus Nicos Anastasiades met yesterday to discuss a wide range of topics, reflecting the close and highly important relations between the states. These issues included counter terrorism and cooperation during emergencies. In addition, the leaders reached an agreement regarding cooperation in gas field development.
Israel and Cyprus have been in talks for a long time on economic cooperation regarding natural gas fields. The parties have discussed the arrangements for Aphrodite and Yishai gas field development and decided that the ministers of energy of both states will act to complete discussions by September 2016.
As part of the development of energy sources in the eastern Mediterranean, the leaders agreed that the resolution of issues under dispute between Cyprus and Turkey would significantly accelerate the development of future projects, promoted according to the international law, which will significantly bolster stability in the area.
Published by Globes [online], Israel business news – www.globes-online.com – on July 25, 2016