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Outlook 2017
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Hiatus mode

The East Mediterranean needs buyers for its gas – not easy when prices are expected to stay low

Egypt will continue to engineer its return as a natural gas exporter in 2017. But the outlook for other hopeful East Mediterranean gas exporters is less clear. Israel and Cyprus have little to show in terms of gas sales; and Lebanon has got nowhere. Success or failure for all three will hinge on Turkey's appetite for extra gas. Egypt, once an exporter of liquefied natural gas, became an importer in 2015, preferring to supply its own rapidly growing market instead of foreign ones. But recent offshore discoveries - the biggest being Eni's Zohr field - and efforts to liberalise domestic gas prices give cause for optimism. The country will remain a net gas importer in 2017, but LNG exports coul

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