Where will Eastern Mediterranean gas go?

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Report summary

The Eastern Mediterranean has enjoyed tremendous exploration success in the last decade. Most of the resource discovered is natural gas. Egypt, with a hungry domestic natural gas market has had no problems in sanctioning huge discoveries such as the 22 tcf Zohr discovery. But, small domestic natural gas markets in Israel and Cyprus have resulted in projects struggling to monetise their resource. If Egypt's exploration success continues, and new domestic supply keeps entering the Egyptian market, where will Eastern Mediterranean gas go? We look at alternative routes to Europe and Turkey, and assess if Eastern Mediterranean gas can compete with alternative sources of supply into these markets.

What's included

This report contains

  • Document

    Where will Eastern Mediterranean gas go?

    PDF 713.48 KB

Table of contents

    • The puzzle of Eastern Mediterranean gas
    • Egypt’s exploration success
    • …at Israel’s and Cyprus’ expense
    • How do the export routes to Europe and Turkey stack up?
    • <strong>Turkey – major regional market with geopolitical challenges</strong>
    • Europe – supportive of new gas, but an export pipeline is a huge challenge
    • The possibility of LNG
    • New discoveries could shift the puzzle pieces again
    • Appendix
    • Gas Transmission Pipeline Modelling in Wood Mackenzie

Tables and charts

This report includes 6 images and tables including:


  • Eastern Mediterranean natural gas export routes
  • Egyptian additional gas volumes entering the market: current vs 2015
  • Turkey's supply-demand balance
  • Italy's supply-demand balance
  • Cost of competing sources of gas supply to Turkey
  • Cost of competing sources of gas supply to Italy

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