Jerusalem, 20 January, 2026 (TPS-IL) — Continuing efforts to advance the agreement to develop the joint natural gas reservoir between Israel and Cyprus, a professional delegation from the Ministry of Energy and Infrastructure, in cooperation with representatives of the Ministry of Justice, departed Tuesday evening for Cyprus. The Ministry said the rip is intended to continue negotiations to implement the agreements in principle regarding the Aphrodite-Yishay natural gas reservoir, and to anchor them in an intergovernmental agreement.
Within the framework of these agreements, the development of the reservoir will be carried out by the rights holders on the Cypriot side, while the holders of the Yishai lease and the State of Israel will receive compensation for their share in the reservoir, which will be determined by an international expert.
The delegation’s departure is a continuation of the political and professional contacts between the countries, and follows the meeting between the Minister of Energy and Infrastructure, Eli Cohen, and his Cypriot counterpart, Michaelis Damianos, which took place in Jerusalem last month.
“The agreement is important for strengthening ties between the countries with a shared vision of developing shared natural resources,” said the Ministry. “Reaching agreements is expected to strengthen energy cooperation between the countries and Israel’s position in the regional space and even contribute to the ability to export gas from Cyprus to Egypt. In addition, reaching an agreement is expected to allow progress on other issues, such as the planned electricity cable between Israel and Cyprus.”