Egypt gas permit officially makes Israel a major energy exporter

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Israel Hayom: Israel became a major energy exporter for the first time on Monday after signing a permit to export natural gas to Egypt. The announcement comes just days before a lucrative Israeli gas field in the Mediterranean Sea is expected to go online.

Energy Minister Yuval Steinitz called the permit a “historic landmark” for Israel. He said it’s the most significant economic cooperation project between the neighboring countries since they signed a peace deal in 1979.

The European Union, seeking to reduce its dependence on Russian gas, has encouraged the formation of new delivery routes, including through the eastern Mediterranean. These routes could also curtail Iranian ambitions to use Syria as a gateway to the Mediterranean. Read More …

Opinion: I can think of one guy that is going to be very unhappy about Israel’s designation as an energy exporter and his name is Vladimir Putin.

The EastMed pipeline will ship natural gas from the Levantine Basin near Israel and Cyprus to Greece and Italy by 2025.

Winners:

  • Israel: has the largest natural gas reserve
  • Cyprus: second largest natural gas reserve
  • European Union: will rid itself of a Russian stranglehold on natural gas purchases

Losers:

  • Russia: main supplier of natural gas to the European Union
  • Turkey: because of ongoing disputes from the 2010 Turkish flotilla (Mavi Marmara) incident and patronage of Hamas, relations with Israel continue to deteriorate

Hooks in the jaw:

With economies of Russia and Turkey threatened, Ezekiel 38:4 says that Gog and his alliance will have no choice but to attack Israel …

Have you come to take Plunder?

Ezekiel 38:12 tells us that the war is over Israel’s great wealth which only heightens speculation after the 2010 massive natural gas find in the Levant …

Who comes to Israel’s side?

“I will call for a sword against Gog throughout all My mountains, says the Lord God “Every man’s sword will be against his brother” Ezekiel 38:21.

(for more on Gog Magog see BP 101 chapter 6 here)