Tuesday, October 14, 2014

Is Israel About To Use It's Natural Gas Reserves To Shape Mideast Relations?



Israel Sees Gas as Key to Transforming Mideast Relations -- Bloomberg

After this summer’s war in Gaza battered Israel’s international reputation, the country’s leaders say they have a new foreign policy tool to build relations with its neighbors: natural gas.

By the the end of the year, Israel may have binding agreements to sell billions of dollars of gas to Egypt, Jordan and the Palestinian Authority. Preliminary talks are taking place with customers in Turkey, even though President Recep Tayyip Erdogan is among Israel’s fiercest critics. Gas may even help improve relationships in the Gaza Strip.

“There are now extraordinary opportunities for Israel based on energy policy, both economically and diplomatically,” said Israeli Foreign Ministry spokesman Emmanuel Nachshon. “This is a real game-changer of common interests and benefits for many actors in the region. It could also bring about better relations with Turkey, and with other regional actors with whom Israel is not yet in close contact.”

Read more ....

My Comment: What drives many Middle Eastern conflicts is not economics but political/sectarian/tribal/religious issues ... and in the case of Israel .... well .... the existence of the state of Israel. And while I can see some economic benefits from selling these energy resources .... there are limits to what can be achieved on the international/political level

No comments: