The $7-9 billion pipeline would have to cross the planned Turkey-Libya economic zone. WHAT DOES THE MOVE MEAN FOR EAST MEDITERRANEAN GAS? The East Med basin is estimated to contain natural gas worth $700 billion, according to the U.S. Geological Survey. The Turkey-Libya deal adds another obstacle to making it achievable. "In terms of geopolitics and East Mediterranean gas, this is a big deal," said Kadri Tastan, a senior fellow at the German Marshall Fund of the United States.

Source: International New York Times December 25, 2019 14:26 UTC