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Israel’s Natural Gas Discoveries Are Bridging Political Divides And Are Forging Economic Ties

April 18, 2019

Via: Forbes
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Even more natural gas has been found off Israel’s coastline, which may help shift the global energy paradigm. Greek oil and gas developer Energean has discovered what it says is between 28-42 billion cubic meters of natural gas, all on top of the 67 billion cubic meters that it has already located.

The discovery comes atop earlier ones a decade ago that are getting tapped and will be eventually distributed to former adversaries of Israel: Jordan and Egypt. And there are also plans to sell the natural gas to Turkey, Greece and Cyprus. Indeed, if Israel blossoms into a regional energy powerhouse, it could have profound implications for geopolitics — and possibly extend as far as East as Iraq.

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