Energean Oil, an international oil and gas exploration and production company based in Greece which has developed sites in Israel and in the Aegean and Ionian Seas, announced on Monday that it has signed an new agreement, ANA reports.
The new deal calls for Israel Natural Gas Lines (INGL) to supply natural gas from Energean’s floating production storage and offloading facility to the Israeli national gas transmission grid.
Authorities and private companies from Greece and Israel, along with those of Cyprus, Egypt and other Mediterranean nations, have been strengthening their cooperation in the natural gas exploration and energy sectors for the last several years.
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