Gazprom and Delek Drilling today signed a Memorandum of Understanding for the Israeli natural gas market.
According to the terms, thew two examine the possibilities of using natural gas as a fuel for vehicles (road, rail and water transport) and special equipment (agricultural, material-handling and other equipment) in Israel.
“The gas industry contributes a lot to the sustainable and ecologically responsible development of the economy. And the use of natural gas as a fuel for vehicles is one of the most important parts of this contribution. Using gas as a vehicle fuel proves that transport without pollution is possible. It is not a remote possibility but a technology available today,” said Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee.
This latest agreement comes after theMinistry of Energy of the Russian Federation and the Ministry of National Infrastructure, Energy and Water Resources of the State of Israel signed the Memorandum of Understanding confirming their mutual interest in combining efforts to develop the existing and new technologies in order to promote the use of natural gas as a vehicle fuel as part of the bilateral cooperation of the two governments.
“We are thrilled to establish collaboration with an international corporation such as Gazprom. The profound acquaintance and extensive capabilities of Delek in the Israeli energy market, alongside Gazprom’s intensity in the natural gas field will contribute to further development of the Israeli natural gas market in general, and in particular for natural gas based transportation. Natural gas based transportation is more efficient, cheaper and reduces pollution,” added Yossi Abu, Delek Drilling Chief Executive Officer.
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