U.S. Says Israel Gas May Help Europe Diversify From Russian Fuel
- Israel natural gas fields potentially largest in Mediterranean
- Gas exports can be used in `strategic way' in region, beyond
Moniz: Israel Should Develop Its Offshore Nat Gas Fields
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Israel’s offshore natural gas fields, potentially the largest in the Mediterranean Sea, could boost energy trade in the region and even help Europe diversify away from Russian fuel, according to U.S. Energy Secretary Ernest Moniz.
The U.S. hopes Israel can resolve domestic challenges blocking development of its Mediterranean gas field “in a timely way,” considering that they contain substantial quantities for exports, Moniz said in an interview with Bloomberg Television. Israel’s gas exports “can be used in a strategic way” in the region and beyond, he said.