Global Markets

Shell interested in buying Cypriot and Israeli gas – Lakkotrypis

Cypriot Energy Minister Yiorgos Lakkotrypis has confirmed Shell is interested in buying gas from Cyprus and Israel over the next 10 years.
By Staff reporter 14 March 2018 0 30005

Cypriot Energy Minister Yiorgos Lakkotrypis has confirmed Shell is interested in buying gas from Cyprus and Israel over the next 10 years.

Lakkotrypis, who was speaking on state radio station CyBC, confirmed a Bloomberg report that stated Shell was in talks to buy 10 billion cubic metres of Cypriot and Israeli gas over 10 years for $25 billion.