Thursday, October 29, 2015

Israel and US worried: "it is possible there will no longer be a need for Israeli gas in Egypt and Jordan"

"Egypt’s becoming more energy-independent could sidetrack efforts — backed by the United States — to use energy diplomacy to improve relations between Israel and its Arab neighbors." "But Egypt’s good fortune could come at the expense of its much richer neighbor. Eni’s trove could threaten Israel’s ambitions to tap its own giant offshore gas field, called Leviathan." "With Zohr, they fear, Egypt might no longer see a need for the Leviathan gas. “If we continue to procrastinate,” Yuval Steinitz, the Israeli energy minister, told Parliament in September, “it is possible there will no longer be a need for Israeli gas in Egypt and Jordan.” "