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While Covid news dominates in Israel, energy pipeline news may be more important
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Pipe dreams and net-zero agendas
Mar 14, 2021 8:30:am
Summary
by: Charles Ellinas
Pipe dreams and net-zero agendas
THE Egyptian Petroleum Minister, Tareq El Molla, in a first visit to Israel on February 21 agreed with his Israeli counterpart, Yuval Steinitz, to work together toward an inter-governmental agreement for the construction of an offshore gas pipeline from the Leviathan gas-field to Egypt’s liquefaction facilities. This came as part of a discussion on ways to boost joint cooperation on energy security in both countries.
This visit was preceded by similar delegations of Greek and Cypriot leaders, intended to demonstrate renewed regional ally unity in the light of the forthcoming meetings involving Greece, Turkey, Cyprus and the EU, and US’ evolving role in the region.
11 March 2021 (Wall Street International) The famous Greek historian Herodotus, “the Father of History”, had once characterized Egypt as “a gift of the Nile” due to the country’s dependence on the river.
But could he ever imagined that the triangle of unprecedented importance between Egypt, Greece and Cyprus, representing the current hotspot for energy developments, would be named after him and would become a contemporary gift to Egypt?
Herodotus had once characterized Egypt as “a gift of the Nile” | Image fromWall Street International.
Nowadays, when geography and history appear as very important geopolitical factors, such symbolically, the Herodotus Basin, located along Egypt’s northern coastline and forming a down-dip extension to the prolific Nile Delta province, probably shares multiple play elements with the Levantine Basin to the east, thus providing the untapped energy opportunities!
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