Friday, May 27, 2016

Israel favors gas exports through Turkey

The only route big enough for Israel’s gas exportation is a country like Turkey which is capable of providing infrastructure and further exportation to the West, Shai Cohen, the Consul-General of Israel in Istanbul has said.       

“An Israeli-Turkish deal is natural under the circumstances of the region, what is happening now in the region, our relations with our neighbors and  so on. This is real politics. The situation in the region right now demands this  kind of energy cooperation for Israel and Turkey,” Cohen told Anadolu Agency on May 26.       
Turkish and Israeli private sector companies are discussing a possible gas pipeline project between Israel and Turkey to transport natural gas supplies to Europe from the Leviathan gas field, which holds an estimated 500 billion cubic meters of gas.       


  • “From the geopolitical point of view, without Turkey as a hub for energy sources, and especially natural gas from east to west and from north to south, it will be very difficult to really diversify and be effective in the diversification of energy resources,” he said.       

According to Cohen, the supply of natural gas requires adequate infrastructure. Because of Turkey’s geopolitical location, it is very important that much of the natural gas transfers would be through Turkey and with Turkish involvement in infrastructure construction of pipelines and LNG stations.       

Cohen added that such a project would be costly and would require the goodwill of investors, construction companies and both governments.     
 
  • The pipeline infrastructure, the development of the gas fields and the pipeline to the Southern Turkish would cost about $4 billion alone, not counting further expenses which would be conducted afterwards, Cohen explained.       

“I would say that there is already goodwill at least from the private sector. It is only a matter of time for us to start moving on this project. It is a matter of time because everybody understands the need,” he asserted.       

Israel is currently preparing the legalities to export its natural gas. However, Israel’s High Court of Justice declined the government’s natural gas outline agreement with energy companies in March and sent it back to the national parliament for review.       

Cohen said the Israeli government submitted the new plan for energy and the development of natural gas fields which the Cabinet then approved...
  [hurriyetdailynews.com]
27/5/16
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