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Iraq’s tangled Ceyhan oil web
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
Letter from the Middle East: Iran-Israel war risks dire straits
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
The oil risk premium fable
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Turkey aims to reduce dependence on energy imports
Country is boosting domestic energy production while targeting development of oil and gas reserves in Africa and Asia
Oil cannot escape Mideast conflict forever
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
IOCs undeterred by Middle East conflict
Companies operating offshore assets in the region are unlikely to halt development plans for now, even as hostilities intensify
The Middle East conflict and the oil price puzzle
An escalation in the conflict could threaten global oil supplies, so why is the market not reacting?
Turkey’s grand gas hub plan, part 2: The Russia question
The EU may be officially phasing out Russian gas, but in reality there remains potential for Turkey to help Moscow repackage its molecules for westward transit
Turkey’s grand gas hub plan, part 1: Caspian commitments?
The country is looking to position itself as a bridge for gas supplies from east to west, but whether Europe will need this gas remains to be seen
Outlook 2021
Egypt Cyprus Israel Lebanon Turkey BP ExxonMobil Shell
Charles Ellinas
31 January 2019
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Hopes run high for the East Med

Possible major new discoveries, along with rising production and simmering regional geopolitics, make 2019 a year of reckoning

Egypt will be forging ahead in the coming 12 months, building on the success of the past three years, with more gas finds and exports of LNG. Eni is expected to announce a major new discovery at the Noor prospect, about 50km (31 miles) offshore Sinai. Together with a number of smaller gasfields, this will bolster Egypt's gas production and support LNG exports. Eni will raise output at the Zohr gasfield to 3.2bn cf/d by the end of 2019, up 0.5bn cf/d from the originally planned production plateau, the icing on the cake of a remarkable project. Following completion of the negotiations between the Damietta LNG plant partners and the Egyptian government to settle an arbitration award against the

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