"The main concern among the business people in Israel's gas exploration sector is whether Gazprom wants to block the possibility of Israeli gas exports to Europe. [...] Gazprom is not merely a huge energy company, it is also a corporation headed by the Russian government. Russia's President Dimitri Medvedev headed the company before becoming head of state."
Source : Globes
The leviathan is already here and scary - Why local energy companies are wary of Gazprom's interest.
Regardless of whether there is or isn't a gas discovery, the real leviathan is already on its way to Israel and people are hardly taking any notice. The name Gazprom, the world's largest natural gas company, still does not mean very much to the Israeli public but the Prime Minister's Office and Ministry of Foreign Affairs are losing a lot of sleep worrying about what to do with such a huge company.
After watching developments in the Israeli energy exploration arena for some time, Gazprom has now decided to enter the fray. Over the past few days, the Russian media has been quoting senior Gazprom executives as confirming that they are considering entering the Israeli market.
According to one report, Gazprom is interested in acquiring a stake of up to 50% in one of Israel's private gas companies. Following publication of these reports, Israeli businesspeople have held meetings with Gazprom executives in Moscow and London. Nobody has any illusions as to what Gazprom is really interested in - drilling at the Leviathan structure. The big question is what are the aims of this mega company?
The main concern among the business people in Israel's gas exploration sector is whether Gazprom wants to block the possibility of Israeli gas exports to Europe. Even with Leviathan Israel would be a negligible player in the European gas market compared with the Russian giant, but prices and the type of agreements that will be signed with Israeli companies might create dangerous precedents from Gazprom's point of view.
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