Israel may see Turkish rapprochement logic
A break with its erstwhile East Med allies is unlikely, but a Turkish solution to Israel’s gas export conundrum could appeal
Israel has faced a problem ever since it hit as much as 28tn ft³ of gas in the Leviathan and Tamar discoveries in the Levantine basin. The finds are too much for its domestic market, and every other export option has challenges based on some combination of cost, environmental or geopolitical hurdles. How, therefore, does it get the gas to a deep enough market that will pay a sufficiently attractive price? It has tentatively moved to export some volumes to Egypt via an existing pipeline. But the quantities involved are far from the potential flows of such large reserves. Even before Covid-19, estimates of Egyptian domestic demand growth and the payability of its customer base varied widely—as
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
