Is the Eastern Mediterranean a New Competitor for Russia on the European Gas Markets?

... than those of Azerbaijan and Norway. It should be noted that, with such reserves, exporting gas to Europe and other relatively distant countries will be profitable should the Levantine countries export their gas jointly. Figure 1. The Borders of the Levant Basin (from eia.com) Exploration of the Eastern Mediterranean shelf is just picking up pace, and the world’s largest players are involved. In Israel and Cyprus, the United States’ Noble Energy and Israel’s Delek Group have the ...