OPINION: Can East Med gas be exported?

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* Highly complex and conflicting circumstances make it difficult for long term plans *

By Costis Stambolis

The question is not rhetoric and alludes to the fact that ten years after the discovery of the gigantic Leviathan field offshore in Israel and six years after the finding of the smaller, but significant nevertheless, Aphrodite reservoir within Cyprus’ EEZ, not a single cubic foot of gas has been exported, nor is it likely any time soon.

 


 
And this is not because of the limited size of the reservoirs discovered so far or lack of interest on the part of investors or even the difficult seabed terrain, but rather because of the highly complex, and often conflicting, circumstances which currently exist and make it difficult for the laying out of adequate long term plans for the exploitation of the extensive hydrocarbon potential of the region.

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