Geopolitics Magazine November - December 2014 | Page 80

Geopolitics & Daily News Magazine
Israel with proven natural gas deposits close to 35 trillion cubic feet (1 trillion M3) can help the
European Union to meet its additional natural gas deficit of 7.1 trillion cubic feet/year (200 billion
M3/year, Bcm/year), which is forthcoming after 2020. Table1.This table shows that Israel has proven
reserves of natural gas 900 Bcm out of which 40% can be exported while Cyprus has proven reserves
of 200 Bcm and highly probable, at least 1800 Bcm while Greece has at least 3500 Bcm in offshore
southern Crete and