Geopolitics Magazine November - December 2014 | Page 78

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basin, Figure 1, should have an additional amount of 35 trillion cubic feet (1 trillion M3).Moreover, due
to high geological similarities between the Cretan basin with the Levantine basin, PGS Figure 2, it has
been assumed and it is expected that the Cretan basin will have also 122 trillion cubic feet (3.45 trillion
M3) of natural gas while in the Ionian sea and Western Greece we anticipate to have 35 trillion cubic
feet (1 trillion M3) of natural gas.

These quantities of natural gas,526 trillion
cubic feet (14.9 trillion M3), render the
Eastern Mediterranean Basin along with
offshore Crete and in the Ionian Sea as a
second world class basin. The first one is the
Western Siberian basin with 643 trillion cubic
feet (18.2 trillion M3) of natural gas. The third
worldwide natural gas basin is the Rub Al
Khalil basin in Algeria with 425 trillion cubic
feet (12.1 trillion M3), the fourth is the
Greater Gawar Uplift in Saudi Arabia with 227
trillion cubic feet (6.4 trillion M3) and fifth the
Zagros Foki Belt with 212 trillion cubic feet
( 6.0 trillion M3).
figure 3. EU actual natural gas consumption 2001-2009 and
forecast supplies and Consumption towards 2020

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