Turkey Wants Israel’s Natural Gas And Is Offering To Construct An Undersea Pipeline To Get It
By David Kashi
A Turkish energy company has offered to construct a 292-mile pipeline for transferring Israeli natural gas to a southern province in Turkey, Turkey’s Hurriyet Daily reported Monday.
The $2.5 billion offer comes as Israel is debating how much natural gas it will export and how to transport it. Israel is considering building its own liquefied natural gas (LNG) export facility and possibly exporting gas through a planned Cyprus LNG facility.
Turkey relies heavily on energy imports, and as its economy grows, so does its demand. To date, Turkey has been receiving natural gas through pipelines that originate in Azerbaijan.
The eastern Mediterranean is seeing a natural gas boom with recent discoveries in the Levant Basin, a stretch of sea that extends from the coasts of Israel, Lebanon and Syria and is estimated to contain 122 trillion cubic feet of gas.
By posting your comment, you agree to abide by our Posting rules