TEL AVIV, Israel -- The final session of Gulf Publishing
Company's second annual Eastern Mediterranean Gas
Conference (EMGC) looked toward the future of the
regionspecifically the economic impact of the new
resources. The session
was chaired by Vice President of Global Gas Marketing for
ABS, William J. Sember.
Pipeline export options.
managing director of Petroleum Development Consultants,
noted that, presently, regional gas pipelines link Egypt to
Israel, Jordan, Syria and Lebanon. An extension of the
pipeline to Turkey is planned, but this project
has only been halfway
The potential to use gas for power generation is very high
throughout the region, particularly in Lebanon and Jordan.
This need is a major motivating factor for pipeline exports
of gas from Israel.
Mr. Aron examined the feasibility of export options via
pipeline and LNG exports from Israel to Cyprus, Egypt,
Jordan, Lebanon, the Palestinian National Authority and
Turkey. He noted that improving political relations between
Israel and Turkey could increase the possibility of a
pipeline link between the two countries, although he
cautioned that exports to Turkey are unlikely to begin
before 2030 for commercial reasons (i.e., oversupply),
rather than because of technical or political issues.
Mr. Aron sees Jordan as the largest immediate market for
Israeli gas, with exports from the Tamar field commencing
in 2016. Exports to the Palestinian National Authority from
the Leviathan field could begin in 2017.
Next, Yaniv Friedman, the vice president of strategy at
Anver Oil Exploration, shared an insightful overview of gas
export options from a regional perspective.
Israeli and Cypriot perspectives. The
following two presentations were given by Uri Aldubi, the
chairman of the Association of Oil and Gas Exploration
Industries in Israel and the founder and director of Israel
Opportunity Oil and Gas Exploration Ltd.; and Stavros
Spanos, the executive vice president of strategic marketing
and partnerships at Hyperion Systems Engineering
The Israeli and Cypriot perspectives examined the
regulatory, political, financial and logistical
opportunities and challenges associated with ongoing and
potential gas infrastructure project
s in the region.
Mr. Spanos touted the merits of an LNG plant, as opposed to
a pipeline to Turkey or Greece. A liquefaction facility
would increase flexibility and create optionality in
Cyprus' search for markets and customers, he said.
A large portion of Cyprus' gas resources would be processed
to create petrochemicals
, which the
country would sell at high prices to generate revenue for
the country. Finally, Mr. Spanos stressed Cyprus' eagerness
to cooperate with Israeli companies and government to help
build Cyprus into the Mediterranean's premiere energy hub.
Noble Energy eyes jobs, technology growth in Eastern
Closing out EMGC 2014, Vice President of the
Eastern Mediterranean for Noble Energy, Lawson Freeman
, spoke about Israel's emerging energy
industry and Noble's employment development plans for the
Mr. Freeman called for additional engineers, technicians,
programmers and coordinators for drilling and completions
operations, and acknowledged Israel's high level of technology
expertise. For gas
processing operations, more engineers, operators,
mechanical specialists and gas controllers are needed.
"If we can familiarize industry here [in Israel] with
[Noble Energy's] specific needs and operations," Mr.
Freeman said, then Israel's cutting-edge technology
can be combined with
US systems and Noble Energy-specific technologies to
fast-track Eastern Mediterranean resource development into