Energy Security prospects in Cyprus and Israel: A focus on Natural Gas

The global production of natural gas has increased from 1226 bcm in 1973 to 3282 bcm in 2010 and is projected to continue rising by an annual growth rate of 1.6% between 2010 to 2035. Cyprus and Israel have recently made major offshore discoveries of natural gas, which can supply to a great extent t...

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Bibliographic Details
Published inInternational journal of sustainable energy planning and management Vol. 3; pp. 5 - 20
Main Authors Taliotis, Constantinos, Howells, Mark, Morgan Bazilian, Rogner, Holger, Welsch, Manuel
Format Journal Article
LanguageEnglish
Published Aalborg Aalborg University Press 2014
Aalborg University Open Publishing
Subjects
Electric power generation
Energy security
Exploitation
Gas-fired power plants
Gas-to-liquids
Global optimization
Growth rate
Liquefied natural gas
Natural gas
Natural gas markets
Optimization models
Power generation
Power plants
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Summary:The global production of natural gas has increased from 1226 bcm in 1973 to 3282 bcm in 2010 and is projected to continue rising by an annual growth rate of 1.6% between 2010 to 2035. Cyprus and Israel have recently made major offshore discoveries of natural gas, which can supply to a great extent the two countries’ current domestic energy needs for the next few decades and still export a substantial volume. MESSAGE, a global optimization model was used to explore the possible interactions between the two countries’ energy systems. Scenarios are presented that assess the export potential for electricity (generated by gas-fired power plants), liquefied natural gas (LNG) or gas-to-liquid products (GTL). The results are compared to a scenario without any available reserves to illustrate the financial benefits that will arise from the exploitation of the gas resources in the two countries.
ISSN:2246-2929
2246-2929
DOI:10.5278/ijsepm.2014.3.2