Prime Minister Benjamin Netanyahu met this morning at his office in Jerusalem with Cypriot president Demetris Christofias. Among the items discussed was the possibility of exporting the natural gas from the Leviathan reserve to Europe, through Cyprus.
The Prime Minister's office said, "During the course of the meeting, the sides discussed expanding the cooperation between the two countries, and included in that is the widening of tourism ties and establishing a working group to examine the possibility of transferring the gas from "Leviathan" to Cyprus, and from there to markets in Europe."
The Leviathan reserve has about 16 trillion cubic feet of natural gas, twice the amount in Tamar. Since Tamar itself is big enough to supply Israel's natural gas needs for decades, most of the natural gas at Leviathan will be aimed toward export.
The two leaders also discussed political issues including the recent turmoil in the region and the Israeli-Palestinian peace process.
Published by Globes [online], Israel business news - www.globes-online.com - on March 14, 2011
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