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Israel to Launch Fifth Round of Natural Gas Exploration Auctions in Mediterranean

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The Israeli Minister of Energy, Eli Cohen, will announce the opening of the fifth cycle of natural gas exploration auctions, offering six maritime blocks covering approximately 8,600 km². The government estimates that these areas may contain hundreds of billions of cubic meters of gas, essential for the domestic market and $35 billion export agreements with Egypt. Despite skepticism from some experts and geopolitical tensions, the Ministry aims to attract new multinational energy companies through a 'road show' in the U.S.

Israel to Launch Fifth Round of Natural Gas Exploration Auctions in Mediterranean
Feb 24, 2026, 11:29 PM

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