Huge Natural Gas Fields In The Eastern Mediterranean are Set To Transform Cyprus Into European Energy Hub

News sources are now picking up on what was mentioned here long ago. This will be used a main provider of energy to Europe, which will be more stable than supplies from Russia, who has turned off the switch in political ploys. Due to this fact, don’t count Greece or Cyprus out of the EU membership list as they will both have an important role in the Europe’s future.

Levant Basin EIA

Cyprus plans to become a regional hub in the Eastern Mediterranean Sea for the export of liquefied natural gas as the small island and its neighbors sit on huge offshore reserves, Cypriot officials say.

The nation’s aspirations are driven by recent discoveries in the Levant Basin, a stretch of sea that extends from the coasts of Israel, Lebanon and Syria and is estimated to contain 122 trillion cubic feet of gas. 1 trillion cubic feet of natural gas is enough to meet the needs of 5 million households for 15 years, according to the American Gas Association. Continue reading

The Great Gas Game over Syria

Even as much has been written about the regional and global actors pursuing their pitiless agendas in Syria, one sub-plot in the vicious drama has remained relatively unexplored. And that is the gas resource and its routes from production to the market.

The past five years have seen discoveries of immense energy reserves in the Eastern Mediterranean; both the Levant Basin located along the shores of Syria, Lebanon, Israel, Gaza and Cyprus and the Nile Basin north of Egypt. According to preliminary geological surveys, the Levant Basin contains 3.5 trillion cubic meters (tcm) of gas and 1.7 billion barrels (bb) of oil. The Nile Basin contains 6 tcm of gas and 1.8 bb of oil. Continue reading

Israeli gas group in talks on pipelines to Turkey, Jordan, Egypt

A group of energy companies that discovered large amounts of natural gas off Israel’s Mediterranean coast said they were in talks to export the gas to Europe via a pipeline to Turkey.

They are also studying options to export gas to Jordan, Egypt and the Palestinian Authority, Avner Oil & Gas said on Tuesday. Continue reading