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19-09-2022 15:33

Joint press release of the Ministries of Energy of Cyprus and Israel on today’s negotiations regarding the Aphrodite – Ishai issue

During an official visit to Cyprus, the Cypriot and Israeli Energy Ministers, H.E. Natasa Pilides and H.E. Karine Elharrar have agreed to continue the constructive process aiming to conclude a fair and swift resolution of the Aphrodite-Ishai issue.

The professional teams have made progress on the core issues and developed a roadmap for future dialogue. Both sides have expressed optimism regarding the possibility of reaching a settlement, and encourage the commercial sides to continue their own dialogue.

Minister Pilides: “Cyprus and Israel share a common vision for fully unlocking the potential of Eastern Mediterranean gas resources, thereby diversifying energy sources and routes to Europe. In this context, our Energy Ministries have made significant progress in the discussions leading to a mutually beneficial resolution of the Aphrodite – Ishai issue, regarding both the relevant bilateral agreement and the terms of reference for the expert to be appointed by the two countries. These discussions will continue in a structured and consistent manner in the following weeks”.

Minister Elharrar: “In light of the global energy crisis and the growing need for natural gas in Europe, I believe it is in our best interest that both parties should expedite a swift, transparent and fair settlement. The trust between us and the continuation of fruitful cooperation in the various fields are very important for both parties”.