Is the Eastern Mediterranean a New Competitor for Russia on the European Gas Markets?

... Building the infrastructure to liquefy gas is attractive because it will ensure Israel’s gas access to markets far beyond Europe. Let us emphasize that the issue of consumption is important to estimate the quantities of gas the countries of the Levant basin are ready to sell. The crux of the matter is that Egypt and Israel have a rapidly growing demand for gas: demand in Egypt has grown by 50 per cent over the past ten years, with demand in Israel increasing fourfold . Experts are not forecasting a significant drop in the consumption rate in either country [ 2 ...