Israel: Gas Boom Targets Turkey

With the 19 tcf Leviathan field set for 2017 start-up and bids received from Turkey to import Israeli natural gas this week, Israel’s energy sector is set for a boom.

Over 10 bids were submitted this week in a tender by the partners in Israel’s aptly-named Leviathan offshore discovery – by far Israel’s largest to date – for the export of natural gas to Turkey.

The tender envisages the signing of a gas sales and purchase agreement but it remains unclear how the gas would be exported to Turkey, with the most likely scenario a pipeline from Leviathan to Ceyhan on the Turkish coast (see map).

According to Israeli daily Globes, which has cited insider sources, the bids are for the purchase of 7-10 billion cubic meters (bcm) a year of Leviathan gas. (CONTINUED - 1785 WORDS)

DATA INSIDE THIS ARTICLE

table Turkey’s Gas Imports (Total 42.7 Bcm For 2012)
table Israeli Offshore Gas Fields