An oil boom is transforming the eastern Mediterranean — and changing relationships, especially with Israel

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An oil boom is transforming the eastern Mediterranean — and changing relationships, especially with Israel
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The eastern Mediterranean, better known for strife and conflict, has become a hive of prospecting activity.

The SSCV Thialf crane vessel lays the foundation platform for the Leviathan natural gas field in the Mediterranean Sea about 80 west of Haifa, Israel, on Jan. 31.

Israel was once at the mercy of volatile, largely unfriendly neighbors for fuel supplies but now has enough natural gas for itself and to sell to others. Egypt boasts facilities that can process and export natural gas both from its own field, the largest in the region, as well as its new gas-rich neighbors. Tiny Cyprus is grappling with how to best exploit newly discovered natural gas fields off the shores of the long-divided island.

But the region’s longstanding rivalries may be stubborn obstacles to the vision to feed Israeli natural gas to Europe. formerly close allies, spent much of the last decade mired in ongoing tension after the killing by Israeli commandos of 10 Turkish activists on board a ship that was part of a flotilla attempting to deliver aid to Palestinians in the Gaza Strip in 2010. Greece, a longtime rival of Turkey, is now trying to step into the breach between Israel and Turkey.

For Europeans, the Israeli experience of 2011-12 is familiar. In 2009 a natural gas dispute between Russia and transit country Ukraine left many EU countries with severe shortages. A pipeline such as EastMed, running from Israeli natural gas fields to Cyprus, then Crete, through mainland Greece and to the heel of Italy, would lessen Europe’s reliance on Russian natural gas.

“Politicians love big, flashy projects and the photo ops they present,” said Nikos Tsafos, an analyst at the Center for Strategic and International Studies. “But in the end, governments can only do so much — the market needs to support this project. So far, it’s not clear that this is the case.”

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