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Israel aims for world energy exporter status, prepares deal with Greece, Cyprus

Israel is a few steps away from joining a select and rather small club in the world, as Israeli officials are taking measures to push the country among energy exporting states. Jerusalem is ready to join Athens and Nicosia in a project that would see a gas pipeline laid across the Mediterranean into Greece and from there all the way to other European countries.

The announcement was made on Tuesday by the Israeli National Infrastructure, Energy and Water Minister Yuval Steinitz, a day before he left for Athens, where he is meeting with his omologues from Greece and Cyprus to discuss the details of the future gas pipeline.

“We will export gas to other countries in the region, and also to Europe. That will turn us into a world energy player and enable us to discover and develop additional large gas fields,” Mr. Steinitz said in front of reporters minutes before joining the cabinet meeting on Tuesday.

The Israeli Minister’s visit in Greece comes weeks after Energean Oil & Gas, a Greek company specialised in exploration and procession of hydrocarbon, announced a 148,5 million US dollar deal signed for the acquisition of the Tanin and Karish gas reservoirs from one of Israel’s largest companies, the Delek Group. The Israeli state has yet to approve of the deal.

On Monday, Israeli oficials announced another groundbreaking deal, this time in partnership with Jordan. According to Minister Steinitz, Israel will sell $10 billion dollars worth of gas to Jordan in the next 15 years, with a gross quantity of 45 billion cubic metres of gas, or 8 and a half million cubic metres per day. The gas will be supplied to Jordan’s National Electric Power Company Ltd. from the Leviathan basin, located in the Mediterranean Sea, off the coasts of Israel.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online ("resilier.com"); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "gust.com", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

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