Posted in energy policy, natural gas, Offshore Energy - General, pipelines, tagged Cyprus, EastMed pipeline, Eni, Israel on August 23, 2022| Leave a Comment »
Eni announces another deepwater gas discovery:
The challenge is getting the 100+ trillion cubic feet of gas to European markets. The East Med Poseidon Gas Pipeline (map below) makes the most sense, but the current US administration inexplicably opposes this project. Other options include LNG via Egypt, a pipeline to Turkey, and a floating LNG facility.
Posted in energy policy, gas, Offshore Energy - General, pipelines, tagged Chevron, EastMed pipeline, Israel, Leviathan on March 9, 2022| Leave a Comment »
Gas reserves in the Eastern Mediterranean Basin are enormous:
Now the U.S. Geological Survey estimates that as much as 122 trillion cubic feet of gas and 1.7 billion barrels of oil lie in the eastern Mediterranean basin. That amount of gas is equivalent to about 76 years of gas consumption in the European Union.
Forbes
Another US energy/foreign policy blunder?
Last January, the US informed Israel, Greece and Cyprus that they no longer supported the proposed EastMed natural-gas pipeline from Israel to Europe citing the need to “(allow) for future exports of electricity produced by renewable energy sources, benefiting nations in the region.”
Jerusalem Post
It’s time to move forward with this strategically important energy project. Chevron is now the main player in the Eastern Mediterranean after their 2020 acquisition of Noble Energy.
Bud's Offshore Energy (BOE) 