Insight
Where will Eastern Mediterranean gas go?
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.
Table of contents
-
Executive summary
- The puzzle ofEastern Mediterranean gas
- Egypt’s exploration success
- at Israel’s and Cyprus’ expense
- How do the export routes to Europe and Turkey stack up?
- Turkey – major regional market with geopolitical challenges
- 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
What's included
This report contains:
Other reports you may be interested in
24 July 2018
East-Med gas: from deficit to international trade
Insight
East-Med gas: from deficit to international trade
This presentation explores the shifting trade dynamics for gas from the East-Med
$95011 December 2017
Europe upstream week in brief: A new European Large Cap emerges as Wintershall and DEA combine
Insight
Europe upstream week in brief: A new European Large Cap emerges as Wintershall and DEA combine
Welcome to the Europe week in brief where we bring you quick, responsive opinion and analysis on what's going on in European oil and gas.
$1,35002 May 2018
Cairo Upstream Forum 2018
Insight
Cairo Upstream Forum 2018
On 16 April 2018, we hosted our annual Cairo forum. The presentations are available in the downloads section.
$1,350
