Interview: Opportunity knocks in the East Med
Rony Halman, chairman of Israel Opportunity Energy Resources, explains why the region could be on the verge of something big—but some points of contention remain
These are busy days in the East Med. Egypt has just received its last cargo of imported liquefied natural gas, and now Israel is poised to move forward on a plant to send pipeline gas to its neighbour, after Egyptian and Israeli companies agreed in early October to buy a stake in the Egypt-Israel gas pipeline. Cyprus in mid-September took a bold step towards gas exporter status with the striking of a pipeline deal with Egypt. This will initially send gas from the offshore Aphrodite field, discovered in 2011, to be liquefied at the Damietta and Idku plants. Meanwhile, production is due to start in 2019-20 from Israel's giant Leviathan gasfield. All in all, it makes for an active hydrocarbons
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them