Gazprom has signed a memorandum of understanding (MoU) with Delek Drilling to jointly examine the possibilities of using natural gas as a fuel for road, rail and water transport vehicles in Israel.
The agreement comes after an MoU was signed between the Ministry of Energy of the Russian Federation and the Ministry of National Infrastructure, Energy and Water Resources of the State of Israel in June last year.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Under the MoU between the governments, it was agreed that a joint working group would be established to develop the existing and new technologies in an effort to promote the use of natural gas as a vehicle fuel.
Gazprom management committee deputy chairman Alexander Medvedev said: “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.”
Delek Drilling is focused on the exploration, development, production, and sales of natural gas and condensate.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataDelek Drilling CEO Yossi Abu said: “The profound acquaintance and extensive capabilities of Delek in the Israeli energy market, alongside Gazprom’s intensity in the natural gasfield will contribute to further development of the Israeli natural gas market in general, and in particular for natural gas based transportation.”
