The Eastern Mediterranean could become a “stable supplier of energy” to the European Union if the recent maritime border agreement between Israel and Lebanon spurs more investment in the region, the head of the company that launched the latest gas production project says.
“I think there is a lot more gas to be found,” Mathios Rigas, chief executive of Energean, told the Financial Times in an interview published on Monday.
Energean said at the end of October that first gas was achieved at the Karish field offshore Israel, two weeks after Israel and Lebanon reached a historic agreement to settle their long-running dispute over their maritime border.
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