As Europe is seeking sources of natural gas to serve as an alternative for the politically sensitive Gazprom supply, a massive gas source presents itself for exploration and production. Whether this will happen or not depends on Turkey, a potential transit country. The development of the Leviathan field offshore Israel and of the Aphrodite natural-gas field offshore Cyprus is a potential game-changer. If the East Med gas pipeline is built via Turkey, offshore Israel and Cyprus may become serious gas suppliers for Europe. Until recently, the lack of natural resources effectively excluded the two countries from being big players. Leviathan boasts recoverable reserves of 17 trillion cubic feet of gas and 1.6 billion barrels of oil equivalent. The Cypriot offshore Aphrodite field boasts estimated reserves of 7 trillion cubic feet. The European Union has publicly recognized that to ensure energy security and reach its climate-change goals, it must engage with […]