Showing posts with label The Hill. Show all posts
Showing posts with label The Hill. Show all posts

Tuesday, March 15, 2022

The US should link eastern Mediterranean gas to Europe to subvert Russia - THE HILL

MARCH/15/22 12:00 PM EDT
Nicholas Saidel, Godfrey Garner 

The Biden administration should pause its hyper-focus on renewable energy and support efforts to prevent Russian energy blackmail against our European allies. The European Union (EU) has declared it will cut reliance on Russian gas by two-thirds. If the U.S. is serious about energy security in Europe, it must help ensure that eastern Mediterranean natural gas makes it to Europe’s shores.

In late January, President Biden took the opposite route, surprising Greece, Israel and Cyprus — the regional entities in the U.S.-sponsored “3+1” cooperation framework — by withdrawing support for the EastMed Pipeline, an unfunded, multibillion-dollar concept conceived in 2016 that would have brought eastern Mediterranean gas to Europe via an underground pipeline. Biden cited climate change and economic viability concerns, both arguably reasonable positions at the time. However, considering Russia’s war in Ukraine and its downstream effects, Biden must show flexibility and adapt his natural gas policy.

Gas from the eastern Mediterranean could diversify Europe’s energy portfolio. Israel alone has approximately 2.2 trillion cubic meters of gas awaiting discovery. While it wouldn’t satisfy all of Europe’s needs, it would help to offset Russian gas imports. NATO countries such as Germany, Italy and Turkey could benefit from new suppliers, especially since German Chancellor Olaf Scholz has halted the Nord Stream 2 pipeline project that would have increased the country’s reliance on Russian gas. Like Germany, Italy is seeking alternative sources.

Wednesday, December 21, 2016

Turkish upheaval presents energy security risks - THE HILL

12/21/16 11:00 AMBrenda Shaffer, Contributor

The tragic execution this week of Russia’s ambassador to Turkey, combined with two recent major terrorist attacks on Turkish soil, demonstrate that forces are working hard to destabilize the country.

While it’s well understood that major upheaval in Turkey would have monumental regional and global security consequences, it’s important to also pay attention to the serious implications for the global oil market and European energy security.

Turkey is arguably the global oil industry’s most important non-producing country because of its role as a critical oil transit state. On a daily basis, about five percent of the global oil supply passes through Turkey, and it is situated next to major oil producing regions — Russia, the Caspian and the Middle East — and also next to Europe, which is a major oil importer.

Friday, August 5, 2016

The Israel-Egypt partnership deepens - THE HILL

August 05, 2016, 02:26 pm
By Oren Kessler, contributor

Egypt last week marked Revolution Day, the day commemorating the 1952 Free Officers' revolt that toppled the playboy King Farouk. Next door in Israel, the Egyptian embassy threw a party.

Israel's Prime Minister Benjamin Netanyahu and his wife attended, as did its president. Flags of both nations flew; anthems of both were sung. Balloons in the Egyptian colors were strewn over the embassy pool, and a woman dressed like Cleopatra delivered remarks. It was the first time in six years that Egypt's embassy in Tel Aviv publicly marked the event.

It was an extraordinary gesture, and these are extraordinary times in the relationship between two of Washington's keystone allies in the Eastern Mediterranean. Two weeks prior, Sameh Shoukry became the first Egyptian foreign minister in nine years to visit Israel — breaking years of unwritten government protocol that ties with the Jewish state would be handled by the intelligence services.