Israel Opens Fifth Offshore Gas Search in Mediterranean

Israel launched its fifth competitive process for offshore natural gas exploration, opening five new blocks across about 7,100 square kilometers in its economic waters after the Egypt export deal and amid renewed regional demand. Energy Minister Eli Cohen framed gas as a strategic asset that strengthens Israel's economic and diplomatic standing, while the ministry says more discoveries could deepen competition, lower electricity pressure and raise state revenues. Officials estimate hundreds of BCM may remain undiscovered, with Chen Bar Yosef pointing to as much as 400 BCM. The move strengthens Israel's energy resilience and eastern Mediterranean leverage, provided exploration stays disciplined and environmentally careful.