In the world of oil and gas, the Middle East occupies centre stage. However, with the two biggest gas discoveries of the last decade made off Israel's shores, the Middle East oil and gas borderlines could be expanded west, beyond Saudi Arabia, to include the Levant region. Can the waters shared between Israel, Cyprus, Syria and Lebanon, become the next North Sea despite existing political and economic rivalries? What would that mean to the countries involved and to Europe?

ISRAEL made its first offshore gas discovery in 1999. Ten years later, a bigger field, Tamar, with estimated gas reserves of 8.7 trillion cubic feet (tcf), was discovered.

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Dr. Carole Nakhle
These discoveries transformed the potential of not only Israel’s waters but also of the whole Levant basin, which encompasses approximately 83,000 sq km of the eastern-most portion of the Mediterranean area
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