Charles Elinas: Egypt has the advantage in exporting natural gas to Europe
Price, not politics, stymying East Med gas. By Charles Ellinas. The greatest problem making exports of East Med gas, especially from Cyprus and Israel, challenging and difficult, is not political risk, but commercial due to the low global gas prices. You experience political risk when you reach the point of selling. If the prospect of […]
FT: Egypt is most viable route for Europe to exploit East Med gas
The opportunity that Levantine gas provides: Egypt is the most viable route politically to exploiting this resource. Gas pipelines often turn out more pipe dream than reality. Or, in the case of those that cross borders, they can involve projects that take so long to negotiate that by their completion the rationale for them has changed. […]
FT: Geopolitics cloud prospects for East Mediterranean gas finds
Fields are attractively close to Europe but political risks make development complex. When gas started flowing from the Zohr field last month it was an important step in Egypt’s drive for energy independence and signified that the eastern Mediterranean was finally establishing itself as a force in gas production. Claudio Descalzi, chief executive of Eni, the […]