Journal of Energy Security

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In Paris climate conference coal will still be elephant in the room

Outside the UN General Assembly the Paris Conference of Parties (COP21) will be the largest gathering of world leaders. But behind the climate kumbaya, the reality is that many of those leaders will not attend the summit out of concern for the world's changing climate, but rather to ensure that their countries, mostly developing ones, don't end up sacrificed on the altar of climatism.

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Plan B for Libya

Reuniting the Libyan militias has been the West’s only endgame for Libya since the oil-rich country slid into a civil war following the 2011 removal of Muammar Qaddafi by a select coalition of NATO countries led by Britain, France, and the United States. But this outcome does not seem to be getting any closer. Indeed, things have gotten much worse.  Gal Luft discusses an alternative.

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Will ENI’s discovery in Egypt sink Israel’s Leviathan?

The discovery of the Italian energy company ENI of a giant gas field off the coast of Egypt has transformed the East Mediterranean energy play overnight. The newly discovered field called Zohr could hold a potential of 30 trillion cubic feet of gas – the largest discovery in the region, thirty percent larger than the Israeli Leviathan field which held the title until today. Zohr’s entry into the scene is a true game changer. It delivers a painful blow to both the Israeli and Cypriot economies and more specifically to the gas partners, Delek Drilling and Noble Energy, which until now have held the only discoveries in the region.

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U.S. gas exports: the pipe dream

The fracking miracle that flooded the North American market with surplus natural gas also led to a spike in oil production and contributed to the fall in global oil prices. Since oil and gas prices are linked in Asia and elsewhere the collapse in oil prices led to an even sharper decline in LNG prices.  As a result American gas is no longer desired abroad, certainly not in Asia – the fastest growing market for gas, no matter how many export permits are granted. The U.S. should therefore consider alternative uses for its gas.

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It’s time for Israel to stop neglecting Cyprus

The natural gas discoveries Cyprus and Israel share should be an important item on the two countries' bilateral agenda. But the governments of Israel and Cyprus would be remiss if they focus the dialogue exclusively on gas, as there are other, no less important, strategic opportunities the two countries can advance. Cyprus is in a unique position to offer Israel a coveted prize: strategic depth.

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