Mathios Rigas says Energean could explore for gas in Lebanon as well, explains what brought him to Israel in the first place, and fiercely criticizes European energy policy.

There is, however, still no efficient way of transporting gas to Europe in large quantities. On that, Rigas says, "You have to take into account geopolitics and regional economics. The pipeline to Egypt looks easier. Another possibility is a pipeline to the liquefaction installation in Cyprus, but that takes time."

The quick solution is a liquefaction ship. "It has to be in protected waters close to shore, and there’s opposition to that in Israel. If not here, then in Egypt or Cyprus."

Source: Globes