PE Live Webcast | East Med Rising: Israel's Offshore Bid Round and European Energy Security

On December 13, 2022, the Israeli Ministry of Energy announced the 4th Offshore Bid Round (OBR4) for hydrocarbon exploration in the Israeli EEZ portion of the Eastern Mediterranean, Levant basin.

During the past two decades multi-tcf discoveries were made in this basin, now considered to be a hotspot for gas exploration, in the vicinity of European markets. Israeli natural gas is providing most of the country’s energy production and a significant amount is being exported to neighbouring countries. The Ministry aims to expand this activity based on large, yet-to-find potential that exists offshore Israel.

This PE Live Webcast is hosted by Peter Ramsay, Director, Subscriptions & Data of Gulf Energy Info, in conversation with Chen Bar-Yosef, Petroleum Commissioner and Director of the Natural Resources Administration, Ministry of Energy, Dr. Michael Gardosh, Chief Geologist, Petroleum Unit, Ministry of Energy, Sagi Ganot, Head of Regulation & Trade, Petroleum Unit, Ministry of Energy, Dr. Nick Stronach, Senior Geoscientist, GaffneyCline, and Bob Fryklund, Chief Strategist Upstream, S&P Global.

During this webcast, they will be discussing the details of the bid round in the context of the growing recognition of the East Med's importance in the efforts to achieve energy security for Europe and beyond.