ISRAEL AND THE GAS RESOURCES OF THE LEVANT BASIN by A. Murat AĞDEMİR

09.12.2015

 

The importance of energy as a geostrategic dimension adds more perspectives to the relationships between Eastern Mediterranean countries. Israel, from its beginning as an independent state, has imported energy because of a lack of its own natural resources. The requirement for energy supply affects its foreign policy with neighboring countries, particularly with Eygpt, Lebanon, and the South Cyprus Greek Administration (SCGA). However, the discovery of huge reserves off Israel’s coast is changing Israel’s fortune and the geopolitical balance of power in the region. Moreover, gas discoveries off the shore of Israel and the SCGA have become an incentive for alliances, but have created regional tensions. The strategic significance for the Middle East region of the discovery of the gas resources draws the attention of the energy industry as well as regional countries. This paper attempts to analyze the potential impacts on Israel of these discoveries of natural gas. The argument is that for Israel, it will have its own gas resources; however, unless it solves its problems with neighbours, it will be very hard to exploit them and be an exporter.

 

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