The impact of Israel as the regional energy superpower plainly heralds imminent & significant changes in the Middle East & signals a very real change in the geopolitics of the region.
By Peter C Glover
Israel’s transformation from a land of milk and honey into a land awash with oil and gas money is under way. When the country’s offshore Tamar field finally started pumping domestic natural gas direct to Haifa on the last day of March 2013, it meant that Israel was no longer in the thrall of its Arab neighbours for gas imports. And it also signalled the beginning of Israel’s rise to energy superpower status.
Israeli New Shekel Exchange Rate