Is this another piece of the Energy Wars puzzle?
Israel is considering construction of an underwater gas pipeline to export natural gas to Europe and Greece.
According to sources quoted by the Globes business news service, the idea was raised during a meeting last week between Prime Minister Binyamin Netanyahu and Greek Prime Minister George Papandreaou. Relations with Greece, a member of the European Union, have grown closer over the past several months.
A number of mammoth natural gas fields have been discovered along Israel’s Mediterranean coastline over the past few years. Among them is the Leviathan energy field, which appears likely to hold enough gas to meet Israel’s needs for the next 60 years, at the current demand projections.
The reservoir is owned by a conglomerate comprised of Noble Energy, Avner Oil and Gas LP, Delek Drilling LP, and Ratio Oil Exploration LP.
In June, Noble Energy announced that a seismic survey had found a high probability scientists would discover up to 16 trillion cubic feet (453 billion cubic meters) of natural gas in the reservoir.
The find comes in addition to that discovered at the two Tamar drilling sites near Haifa, which is said to be enough to provide for Israel’s needs for at least 30 years. Noble Energy and Delek own the Tamar well, together with Isramco Ltd. and Dor Alon Energy Exploration Ltd.
The Tamar discovery in April 2009 came on the heels of an earlier find, that of the Dalit gas field off the coast of Hadera, south of Haifa earlier the same year.
The U.S. Geological Survey estimated this year that some 122 trillion cubic feet of undiscovered, recoverable natural gas lie in the Levant Basin Province in the eastern Mediterranean region – an area that includes the coastal region near Israel and Lebanon, which claims the energy field is off its coast.
That is right, Lebanon has claimed it is off their coast. Their claim is quite likely legitimate, this is a subject I covered previously- Massive Natural Gas resources to spark attack by Israel on Lebanon. Which will be required reading if you're to understand the ramifications of this hoped for pipeline to Greece.
That being war with Lebanon and/or the removal of the government, for one that will be more compliant.
Also, possibly, the removal of the Palestinians, once and for all, from Gaza? Or at the very least a timely agreement with a more compliant government? Perhaps, like the agreement that has recently been worked out between the governing bodies of Gaza and the West Bank?
You see some of the natural Gas that Israel claims as their own, just happens to fall off the shores of Gaza. Such a problem. Daunting and exasperating I am sure for the land, resource grabbing nation of Israel. The matter of the Palestinian gas has been covered previouslyAdditional reading -Israel set to export natural gas, but, is it theirs to export ?
But, let us get back to the pipeline to Greece!
While this article covers the topic from an environmental angle. Which is a valid concern, no doubt, I am just covering the geopolitical machinations of this possible pipeline.
Israel is considering a plan to build an underwater natural gas pipeline to Europe as a way to transport gas being drilled from offshore wells in the eastern Mediterranean. The plan, as reported August 30 in Globes, involves a pipeline that will run from the Tamar and Dalit gas fields, located off Israel’s northern coastline, and along the seabed to Greece.
Israel’s northern neighbor, Lebanon, is challenging Israel’s claim of ownership in these gas fields and has brought the issue to the attention of the UN General Assembly.
Of course there is more to this pipeline to Greece then just a pipeline. I will expand on that in another post. For now, we have covered enough ground. Or seabed? Whichever?