What will Egypt and Israel do on gas against Turkey
All the consequences of the Israel-Egypt partnership on the pipeline. The article by Giuseppe Gagliano
According to Reuters, Israel intends to carry out, in partnership with Egypt, the construction of a new land pipeline which should cost around 200 million dollars. If this news is confirmed, all this will have implications of great relevance on the geopolitical level.
WHAT CHANGES FOR ISRAEL
In the first place, Israel will only consolidate its centrality in terms of energy in the context of the Eastern Mediterranean. In fact, this will allow Israel to increase exports up to 8 billion cubic meters per year not only thanks to the modernization of the infrastructures that exploit the Leviathan field, but will allow a considerable increase in profits for multinationals such as Chevron Corp and Delek Group. .
WHAT CHANGES FOR EGYPT
Secondly, Egypt itself will increasingly become a global hub, with ever closer relations not only with Israel but also with Cyprus.
THE RACE TO HYDROCARBONS IN THE MEDITERRANEAN
Thirdly, the competition for the exploitation of gas and oil resources in the Mediterranean will become ever higher, with all due respect to the messianic prophecies of Greta Thunberg and her supporters of our country. The day when renewable energies will replace gas and oil is in fact still a long way off …
HINDER TURKEY
Fourthly, the strengthening of cooperation between Israel and Egypt will only hinder Turkey's expansionist goals.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/israele-egitto-gasdotto-implicazioni/ on Mon, 25 Oct 2021 06:29:29 +0000.