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

... 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 ... ... exploration and follow-up exploration of hydrocarbons were now its priorities. Only 2D and 3D exploration has been carried out in Lebanon, although no drilling has been done. It should be noted that in 2013, when the Lebanese side planned to hold a licensing ...