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AP National Business

Cyprus, Israel pledge quick deal in gas field dispute

KTVZ
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Published 8:16 am

By MENELAOS HADJICOSTIS
Associated Press

NICOSIA, Cyprus (AP) — Israel and Cyprus say they have made “significant” headway in resolving a long-running dispute over an offshore natural gas deposit and say they are committed to quickly reaching a deal as Europe looks for new energy sources. Cyprus Energy Minister Natasa Pilides and her Israeli counterpart, Karine Elharrar, held talks in the Cypriot capital Monday. Israel claims that a portion of Cyprus’ Aphrodite deposit estimated to hold some 4.4 trillion cubic feet of natural gas falls inside its nearby Ishai field. Europe’s need to wean itself off Russian energy sources since the war in Ukraine appears to have added a new sense of urgency to the talks.

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