Infographic: East Med gas; monetization efforts pick up amid regional standoff – S&P Global Platts
The East Mediterranean is home to numerous major gas finds, with key players seeking routes to market via gas pipeline pacts and establishment of the East Mediterranean Gas Forum (EMGF).
Tensions in the region are increasing, however, as Turkey moves to drill in blocks licensed by Cyprus and the EU imposes sanctions against Turkey’s TPAO for “illegal” drilling.
Meanwhile Israel has begun large-scale gas exports to Egypt and Jordan, prompting civilian protests in Jordan and an attempted pipeline sabotage in Egypt.
How these conflicts play out will, in part, determine whether the region succeeds in transforming itself into a mega gas hub on Europe’s doorstep.
(Source: S&P Global Platts)