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Horizon

Uncertainty Continues to Plague East Med Gas

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Egypt,Petroleum,Storage,LNG

The East Mediterranean region will play an important role as a supplier of natural gas and renewable electricity to Europe despite mounting obstacles to produce and export the fuel, industry executives say. Exactly how much the region will eventually contribute to a Europe that is in need of alternative volumes to replace Russian gas imports is still unclear. US major Chevron has yet to conclude final investment decisions at its key Cypriot and Israeli fields and environmental NGOs are keeping gas developments under check. “The East Mediterranean is essential because of resource rich fossil fuels, renewables and infrastructure,” Eni Chief Operating Officer for Natural Resources Guido Brusco told the recent Gastech conference in Milan.

Topics:
Gas Supply, LNG Supply, Gas Demand, LNG Projects, LNG Projects, Floating LNG, Majors, Ukraine Crisis
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