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Monday, 6 February 2017

Huge Gas Finds Can Keep Europe Warm If the Arguing Stops - Bloomberg

Huge Gas Finds Can Keep Europe Warm If the Arguing Stops - Bloomberg:

"As the helicopter roars its way west from the Tel Aviv coast, two dots emerge from the featureless blue. Closer up, they begin to take shape: Giant platforms for extracting gas from under the Mediterranean Sea.

“A few years ago, there was nothing to see around here,” Yossi Abu yells from the front seats. And soon, according to the Delek Drilling LP CEO, there’ll be more. He points northwards. “Over there, we’ll build a new platform,” he says. “To export gas to Egypt and Turkey.”

Abu makes it sound easy. It won’t be. Hundreds of miles of undersea pipelines will cost billions of dollars and pose a technical challenge for their designers. And even that task is dwarfed by the political engineering required to build stable energy routes through a conflict-ridden region."



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