... developing gas fields in the Eastern Mediterranean. In 2015, Italy’s Eni discovered the gigantic Zohr field in Egypt, a major Arab state, which allowed Cairo to break the vicious circle of its dependence on imports and to cover its own demand for gas. Egypt now
produces
about 311 million cubic meters of gas and 700,000 barrels of oil daily (from the deposits in the Western Desert adjacent to Libya). However, in January 2020, gas production also started on Leviathan, the largest field in the Levant ...
... Sea. This means that the Turkish leadership in Libya protects not only the pro-Turkish GNA, but also its interests in the eastern part of the Mediterranean Sea.
Anna Manafova:
Is the Eastern Mediterranean a New Competitor for Russia on the European Gas Markets?
So Why Does Egypt Support Khalifa Haftar?
In Libya, Turkey is confronted with the interests of its foreign policy opponents; in particular, the United Arab Emirates (UAE) and the Arab Republic of Egypt (ARE). The latter is the main ally of General Khalifa Haftar....
... cheap resource production costs. It is possible that Russian companies would have expressed more interest in Egyptian projects, had the oil and gas prices been higher and the profits been greater.
However, Russian companies have begun supplying oil and gas to Egypt.
Rosneft
and
Gazprom
signed contracts to supply LNG there. Rosneft’s LNG cargos of are delivered in accordance with
a two-year contract
, as well as bought on the spot market. It is worth noting that despite new gas discoveries, exporting ...
... Leviathan field. International experts believe the project will be implemented
slowly
. The export and production infrastructure in these countries is still to be built up, and that means a further increase in the price of the already expensive shelf gas.
Egypt is in a peculiar situation: starting in 2014, the country turned from a net exporter of gas into a net importer. It got to the point when the plants built for exporting liquefied natural gas (LNG) turned out to be “redundant,” and the ...
