The Hellenic Association for Energy Economics is proud to announce that its new publication entitled “The Potential Contribution of Natural Gas to East Mediterranean Economy” is now available exclusively to its Members, prior to its official release.

The report, powered by the International Gas Union (IGU), investigates the potential contribution of natural gas discoveries on the economies of Egypt, Israel, Cyprus, Greece, and Lebanon. Focusing on a country-level analysis, it highlights the regional perspectives of the natural gas market. Based on historical data and forecast scenarios, the study illustrates the impact of possible discoveries under the scope of security of supply and market development. The following table illustrates some comparative data at country level:

Country-level analysis of the NG Market:

*by 2030 if a reservoir that produces 10 bcm per year is discovered and developed
**by 2030 if a reservoir that produces 7 bcm per year is discovered and developed
***based on 2018 GDP prices

The findings draw important policy recommendations that are in line with EU’s target for diversification of gas supply. Some of the most important conclusions are ... --> Read more