EAST MED GAS EXPORT POTENTIAL

Öz

In this study, East Med gas balances were analyzed by taken into consideration of the important milestones existing in different parts of the gas flow steps (from reservoir to the market). In this regard, annual gas export potentials of the due countries up to 2050, situations of the existing and proposed export infrastructures, market balances and commercial approaches was explicated. As a result, the question of: “What to expect from the East Med gas potential up to 2050 and later?” was tried to be answered (mainly from the technical sight). In addition to these, possible results of the current political atmosphere (on the conflicts, energy prices, and diversification attempts) were also be taken into consideration. At the initial step, by neglecting the altering political conflicts in the region, East Med gas balances and technical export potentials of three different regions (Israel, Egypt and Southern Side of Cyprus Island (SSCI) were evaluated. Undiscovered potential of the region in Lebanon, Syria and Turkey were not taken into consideration. Hence, before the discovery it is not coherent to make mathematical calculations. While evaluating the export potentials, from reservoir to the market alternatives, all different aspects and milestones, including the official operator companies’ capabilities were evaluated for each case. Throughout the evaluations, annual gas production and demand volumes, resulting export potentials of the due countries up to 2050, situations of the existing and proposed export infrastructures, market balances and commercial approaches were explicated.