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![UPDATE 1-Israel tells energy companies to hold fire on Cyprus gas project]( "UPDATE 1-Israel tells energy companies to hold fire on Cyprus gas project")
Israel's Energy Ministry has advised three energy companies not to start work on the Aphrodite gas field off Cyprus until the two countries reach agreement over ownership of the reserves. Cyprus and Israel have been in dispute for several years over the gas reserves that straddle their maritime border, with no guarantee of any immediate resolution. Cyprus last month signed a 25-year concession with Noble Energy, Shell and Delek Drilling for exploitation of the Aphrodite field, which was first discovered in 2011.
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This is a sad news. The work on Aphrodite gas field must start soon.
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