Israel to Launch Fifth Round of Natural Gas Exploration Auctions in Mediterranean
DATA AND AI INFRASTRUCTURE
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.

Feb 24, 2026, 11:29 PM