Posted on 09/19/2011 10:33:47 AM PDT by bananaman22
What a difference fifteen months makes.
In May 2010 Israel’s cold peace with Egypt was viable, the country was celebrating massive Mediterranean natural gas finds and Tel Aviv enjoyed a military alliance with Turkey, an overwhelmingly Muslim nation.
Two events have changed that picture beyond all recognition – Israel’s 31 May 2010 attack on the peaceful Gaza-bound “Freedom flotilla,” during which Israeli Shayetet 13 Naval Special Forces commandos killed eight Turkish citizens and an American, Furkan Dogan. Outraged by the assault, Turkish Prime Minister Recep Tayyip Erdogan demanded an apology and compensation for the unprovoked attack.
He’s still waiting.
The second regional game changer has been the startling events of the “Arab Spring,” which following unprecedented massive public demonstrations, on 11 February led to the resignation of Egypt’s President, Hosni Mubarak, who had been in power for 29 years.
One of Israel's greatest benefits from the 1973 Camp David Accords was its ability to import Egyptian natural gas through Egypt's $500 million East Mediterranean Gas Company Ltd. (EMG) pipeline. EMG was established in 2000 and jointly owned by Egyptian General Petroleum Corp. owning 68.4 percent, the private Israeli company Merhav a 25 percent share and the Ampal-American Israel Corp. the remaining 6.6 percent.
Following Mubarak’s downfall a series of attacks were made on the EMG pipeline, which supplied about 40 percent of Israel's natural gas imports, until an assault on 12 July led to its shutdown.
Switching gears, the Netanyahu government downplayed the importance of the pipeline shutdown, obviously looking forward to the swift development of its Mediterranean natural gas assets, the Tamar field, discovered in 2009 and Leviathan, discovered the following year. In June an Israeli company announced the discovery of two new natural gas fields, Sarah and Mira, about 45 miles off the city of Hadera.
Initial prospecting estimates of the Tamar and Leviathan fields, off Haifa, concluded that the two sites between them could hold as much as 688 billion cubic meters of extractable natural gas. In 2010 the U.S. Geological Survey estimated that the Levant Basin Province, covering parts of Israel, Lebanon, Syria, and Cyprus, could contain as much as 3.4 trillion cubic meters of gas and up to 1.7 billion barrels of recoverable oil.
The energy assets have focused the Israeli government’s attention - on 9 August The Jerusalem Post reported that the Israeli military had deployed Full article at: Turkey, Egypt to Drill for Natural Gas in the Mediterranean
Freakin’ Furkan Dogan!
what the heck they are waiting for it. Start work there asap, with full military protection. Better case it has sooner the equipment (even some initial R&D) is there.
Haifa is far from Gaza and nobody can seriously say that area belongs to Lebanon or Turkey.
“peaceful Gaza-bound “Freedom flotilla”
ROFLMAO.
The author is clearly not a deep thinker and should be disregarded.
Note: this topic is from 9/19/2011. Thanks bananaman22.
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