Israel Seeks Increase European Clout with Private Investments, Pipeline

(corrects typo)

Israel intends to increase its European clout, betting on a mix of private investments and a plan for a pipeline bringing gas from the Eastern Mediterranean to Europe.  

Tel Aviv-based Delek Group announced it already invested NIS 680 million in foreign companies’ shares, adding that it will continue its acquisition campaign. 

‘The company has announced that as part of its strategy to focus on the energy field, with a special emphasis on identifying new international opportunities’ reads the note released on Wednesday. 

A few hours before, on Tuesday, Cyprus’ Energy Minister Yiorgos Lakkotrypis commented to Reuters that Israel, Greece and Cyprus are looking forward to meeting Maroš Šefčovič, the European Commissioner for Energy Union. The meeting could take place in Brussels next week.

"The three ministers have co-signed a letter and asked for a meeting on 8 December, on the sidelines of the Council happening on the 9th," Lakkotrypis told the news agency.