The discovery of Israel’s multiple natural-gas fields appears to have facilitated the Jewish state’s movement closer to the Arab states, as well as neighboring Mediterranean countries, as they all share Israel’s concern over Iran’s & Turkey’s disruptive & dangerous influence in the region.
By The Associated Press
A decade after discovering natural gas fields off its Mediterranean coast, Israel is starting to feel the geopolitical boost.
Its newfound riches have fostered economic bonds with its neighbors, tightening relations with Arab allies, and built new bridges in a historically hostile region — even without significant progress being made toward peace with the Palestinians. Continue Reading »
At tripartite summit held in Beersheba, the leaders of Israel, Greece, and Cyprus reaffirmed their commitment to an underwater trans-Mediterranean pipeline meant to carry Israeli natural gas to Europe.
• U.S. pledges its support for the ambitious project.
By Israel Hayom
Prime Minister Benjamin Netanyahu on Thursday said that Israel, Greece and Cyprus will sign an agreement early next year to build a pipeline to carry natural gas from the Eastern Mediterranean to Europe, while the United States pledged its support for the ambitious project.
The $7 billion project, expected to take six or seven years to complete, promises to reshape the region as an energy provider and dent Russia’s dominance over the European energy market. Continue Reading »
Feasibility studies had been completed but work on developing it would not begin for several years, so the 4 ministers agreed to meet every half-year to advance the new gas pipeline that will boost cooperation & boost supply.
Italy, Israel, Greece and Cyprus pledged Monday to move ahead with the world’s longest undersea gas pipeline from the eastern Mediterranean to southern Europe, with support from the European Union.
If carried out as planned, the long-discussed $6.2 billion pipeline would take gas from Israel and Cyprus’s recently discovered offshore gas reserves to Europe and could help reduce the continent’s dependence on Russian energy at a time of ongoing tensions. Continue Reading »