How Turkey Is Spoiling Its Neighbors’ Big Gas Plans: QuickTake - Bloomberg:
The discovery over the last decade of sizable natural gas fields lying beneath the eastern Mediterranean has driven a vision of the region’s often-divided nations cooperating to exploit the reserves. They would enrich themselves, while their exports would help Europe reduce its dependence on Russian gas. One catch: Turkey wasn’t part of the picture, and with an active navy in the region, it’s playing the part of spoiler. Its recent maritime pact with Libya has added another snarl.
1. How much gas does the eastern Mediterranean hold?
The biggest find in the region is Egypt’s Zohr field, which holds as much as 30 trillion cubic feet of gas, or enough fuel to supply all of Europe for more than a year and a half. Zohr ranks as the world’s 20th-largest gas field, although it’s a fraction the size of the whoppers on the list, which is dominated by Russia. The Tamar and Leviathan fields off Israel’s coast hold 11 and 22 trillion cubic feet respectively, and the Aphrodite field off Cyprus is thought to hold 8 trillion cubic feet. The U.S. Geological Survey estimated in 2010 that recoverable gas in the Levant and Nile Delta basins were many multiples of that.
The discovery over the last decade of sizable natural gas fields lying beneath the eastern Mediterranean has driven a vision of the region’s often-divided nations cooperating to exploit the reserves. They would enrich themselves, while their exports would help Europe reduce its dependence on Russian gas. One catch: Turkey wasn’t part of the picture, and with an active navy in the region, it’s playing the part of spoiler. Its recent maritime pact with Libya has added another snarl.
1. How much gas does the eastern Mediterranean hold?
The biggest find in the region is Egypt’s Zohr field, which holds as much as 30 trillion cubic feet of gas, or enough fuel to supply all of Europe for more than a year and a half. Zohr ranks as the world’s 20th-largest gas field, although it’s a fraction the size of the whoppers on the list, which is dominated by Russia. The Tamar and Leviathan fields off Israel’s coast hold 11 and 22 trillion cubic feet respectively, and the Aphrodite field off Cyprus is thought to hold 8 trillion cubic feet. The U.S. Geological Survey estimated in 2010 that recoverable gas in the Levant and Nile Delta basins were many multiples of that.
No comments:
Post a Comment