• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 7 hours WE have a suicidal player in the energy industry
  • 12 hours Washington doctor removed from his post, over covid
  • 9 mins The Most Annoying Person You Have Encountered During Lockdown
  • 4 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 5 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 1 hour How to Create a Pandemic
  • 12 hours Which producers will shut in first?
  • 2 hours Saudi Aramco struggling to raise money for this year's dividend of $75 billion. Now trying to sell their pipelines for $10 billion.
  • 10 hours Shale Legs
  • 10 hours KSA taking Missiles from ?
  • 47 mins Death Match: Climate Change vs. Coronavirus
  • 16 hours Trump eyes massive expulsion of suspected Chinese spies

TURKEY-ISRAEL: Gas Pipeline Rumors Are Geopolitically Tectonic

Bottom Line: Israel and Turkey are flirting with the idea of building a gas pipeline from Israel’s Leviathan Basin directly to Turkey to supply European markets. For gas-starved Turkey, this is a geopolitical quagmire that involves Israel, Iran, Syria, Qatar, and Cyprus. Turkey is keeping silent on the deal, but our intelligence sources say it is seriously being considered, despite media reports to the contrary. 

Analysis: In early February, Israel proposed the construction of a pipeline under the Mediterranean Sea to southern Turkey to market its gas to Western Europe. Turkish officials have conceded that the Israeli proposal has been officially made, but have responded publicly by saying that “we have a policy regarding Israel, and the claims that Turkey leans towards this idea is not true”. Behind the scenes, Israeli officials and pipeline execs have already been to Turkey to discuss the possibility of this project, which would cost around $2 billion and would involve the Turkish pipeline builder, the Zorlu Group. Israeli officials involved included Undersecretary Harel Locker and executives from the Dalek energy corporation.

Such a pipeline would be brilliant for Israel, for Turkey and especially for Europe. For Europe it means an alternative gas supply to balance out the Russian dominance of the market. For the partners in the Leviathan field, piping gas to Turkey will be much more lucrative than the other options, particularly…




Oilprice - The No. 1 Source for Oil & Energy News