Related Articles
Outlook 2017
Forward article link
Share PDF with colleagues

Hiatus mode

The East Mediterranean needs buyers for its gas – not easy when prices are expected to stay low

Egypt will continue to engineer its return as a natural gas exporter in 2017. But the outlook for other hopeful East Mediterranean gas exporters is less clear. Israel and Cyprus have little to show in terms of gas sales; and Lebanon has got nowhere. Success or failure for all three will hinge on Turkey's appetite for extra gas. Egypt, once an exporter of liquefied natural gas, became an importer in 2015, preferring to supply its own rapidly growing market instead of foreign ones. But recent offshore discoveries - the biggest being Eni's Zohr field - and efforts to liberalise domestic gas prices give cause for optimism. The country will remain a net gas importer in 2017, but LNG exports coul

Also in this section
China's teapots are filling up
16 July 2018
Chinese authorities are giving independent refiners greater freedom to source their own supplies of crude oil
Pricing up and down
29 June 2018
A trend towards increased spot sales and more flexible contracts is keeping the global LNG industry on its toes
Buying and selling on the up
29 June 2018
Increased spot and short-term LNG trading and sharp price moves have encouraged the global growth of derivatives trading and hub activity