In a major move for providing cheaper natural gas to Turkey, The key stakeholders in Israel’s Leviathan offshore natural gas field are to discuss laying an undersea pipeline from the Mediterranean site to the southern Turkish coast.
This would be a major boost for local Turkish businesses. It is estimated that the cost of this pipeline would be around $2 billion. This is considerably cheaper than building a local liquefied natural gas facility with a cost of around $ 10 billion.
An undersea pipeline to southern Turkey could provide between 8 billion to 10 billion cubic meters of gas per year, costing from $7 to $9 per million BTU. This makes the project of major strategic interest to Turkey, which has a great need of inexpensive natural gas.
Read more at: Israeli gas field considers talks to lay pipeline to Turkey
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| Drilling rig in Levithian gas reserve |
This would be a major boost for local Turkish businesses. It is estimated that the cost of this pipeline would be around $2 billion. This is considerably cheaper than building a local liquefied natural gas facility with a cost of around $ 10 billion.
An undersea pipeline to southern Turkey could provide between 8 billion to 10 billion cubic meters of gas per year, costing from $7 to $9 per million BTU. This makes the project of major strategic interest to Turkey, which has a great need of inexpensive natural gas.
Read more at: Israeli gas field considers talks to lay pipeline to Turkey
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