Τετάρτη, 22 Ιανουαρίου 2014

Israel-Turkey Pipeline Can Fix Eastern Mediterranean

By Matthew Bryza

For Israel, the discovery in 2010 of a vast natural gas field off its coast was like hitting the jackpot. The future energy development offered the country unprecedented economic security.
Now, the business plans for the Leviathan site are advanced enough that Israel and its neighbors must address the toughest question about the project: how to export the gas.
The Leviathan field’s estimated 510 billion cubic meters of gas, coupled with continuing production at the nearby Tamar site, are expected to fuel Israel’s electricity generation, water desalinization and a new generation of energy-intensive industries. Exporting the gas beyond Israel would offer still greater economic benefits.
The finds also have the potential to lead to breakthroughs in disputes that have long poisoned relationships between Turkey on one side, and Israel and Cyprus, which also has potential gas reserves in its waters, on the other. Getting to a resolution won’t be easy, but with the right approach and support from the U.S. and the European Union, it is possible.
Read more http://www.bloomberg.com/news/2014-01-20/israel-turkey-pipeline-can-fix-eastern-mediterranean.html

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