Israeli gas to Turkey...? UNLIKELY!
Politics VERSUS Industry.! The discoveries of offshore natural gas fields off Israel are an illusion: Leviethan Gas Field is still unproved, still a prospect. Leviathan Gas Field: But still looking at the prospect of spending $5-6 billion before the first gas comes. Israel-Turkey Gas Deal Unlikely, due to technical,commercial limitations. Israeli gas to Turkey commercially/financially not viable. Israeli gas is not competitive, can't compete in the Turkish market. Cost-effectiveness analysis is VITAL. Firstly,there are legal and legislative restrictions on Israel’s gas exports with about half of the gas stipulated for Israel’s domestic consumption. Secondly,the prospects of a pipeline linking Israel's Leviathan natural gas to Europe via Turkey are only pipe dream because the project's biggest obstacles are practical, geological, and echnological. Thirdly,It is difficult to connect Israel to Southern Gas Corridor. The practicalities and specifically, the infrastructure...