Delek of Israel Interested in Cyprus Gas project

Israeli energy company Delek is interested in taking part in the development of gas processing facility in Cyprus, Associated Press reported.

Senior Delek officials on Monday held talks with Cypriot President Nicos Anastasiades.

Delek and subsidiary Avner Oil exploration hold a 30 percent stake in a gas field off Cyprus’ southern coast that is estimated to contain 5-8 trillion cubic feet of gas. Texas-based Noble Energy holds the other 70 percent.

Gideon Tadmor, Delek Drilling Chairman, said he was hopeful of a long-lasting cooperation between our company, the state of Israel and Cyprus, AP reported.