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Shell Seeking $25B Gas Deal with Cyprus and Israel

Posted on: 3/14/2018 3:35:59 AM under Energy
Energy giant Shell is in talks to purchase $25 billion in natural gas from Israel and Cyprus, a report in Globes said Sunday 11 March. The report quoted sources at Bloomberg, who first reported the story last Thursday.

The report said that Shell was seeking to contract with the two countries for 10 billion cubic meters of natural gas annually from Israel’s Leviathan and Cyprus’s Aphrodite gas fields. According to Bloomberg, all three parties involved are seeking to sign a deal by the end of 2018.

As reported in Gold News.