Steinitz said he expected Israel to begin a new round of tenders for offshore blocks later in the year.
The new offshore exploration licenses will be modified to make them more attractive to energy groups, after a previous auction received a lukewarm response.
Israel launched a bidding round in November 2016 after some the fields were found in Israeli waters.
It accepted the only two bids it received - from Greece’s Energean and a consortium of Indian firms. Steinitz said there were lessons to be learned. “We will change the method in a way that it will be more accessible and attractive.”
He said companies were put off by concerns that they might not find a buyer for gas they discovered since Israel has a gas surplus and export options at the time were limited.
But progress has been made in plans for an IsraeliEuropean subsea gas pipeline – which involves Cyprus - and a $15 billion export deal to Egypt was signed.