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Potential gas deal between Israel and Turkey

30 August 2015

A potential agreement between Turkey and Israel could provide Turkey with up to 10 billion cubic meters of natural gas a year. The deal would also give Israel easy access to European markets, if the two countries reach an agreement on the Leviathan gas fields.

The agreement, possibly 20-years long between Turkey and Israel, would meet 22% of Turkey’s gas demand, if it is signed, according to Batu Aksoy, CEO for Turcas Petrol. Representing one of the candidate Turkish companies to export reserves from Israel’s offshore gas field to Turkey, Aksoy spoke exclusively to Turkish ‘Daily Sabah’ regarding the possibility of a long-term gas agreement between Turkey and Israel.

He said, “Despite disagreements, Turkey, Cyprus and Israel have the opportunity to reach a ‘sui generis’ agreement regarding building pipelines that will purely and simply go through their own exclusive economic zones without waiting to reach an agreement. It would be very accurate if we say that Turkey and Israel are two countries with 600 years of past relations acting with this logic in the last five years.”

Pointing to the positive climate surrounding the Cyprus talks, Aksoy said the island has an important opportunity to pave the way for this energy project that will provide economic value for the whole island. “The constructive statements of the two parties in Cyprus are increasing our hopes for a possible peace deal on the island.”

Daily Sabah

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