Israel’s hard sell to Europe

Israel is working on exporting gas from its Levantine basin to Europe, but high transport costs and an already well-supplied market mean progress has been slow Israel is working on exporting gas from its Levantine basin to Europe, but high transport costs and an already well-supplied market mean progress has been slow.
By The Wildcat 7 April 2017 0 25407
Israel’s plans would put it in competition with GreenStream supplies from Algeria. (Eni)

Israeli Energy Minister Yuval Steinitz appears to be growing impatient in his efforts to stimulate gas exports from the Levantine basin. 

Having waved through controversial legislation to kickstart development of the giant Leviathan field in 2015, Steinitz’s plans received a boost in February this year when the Leviathan partners took an FID. 

His next challenge was to find a market for the gas. Israel has previously targeted Egypt as a long-term customer, but the discovery of the giant Zohr field put paid to that idea. So the...

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