. Space Industry and Business News .




.
ENERGY TECH
Cyprus, Israel move closer on East Med gas
by Staff Writers
Nicosia, Cyprus (UPI) Aug 26, 2011

The governments of Cyprus and Israel, which both have seemingly intractable problems with Turkey, are moving closer together over the increasingly thorny issue of vast natural gas fields under the eastern Mediterranean.

The energy dispute, which already has Israel and neighboring Lebanon threatening each other, has spurred a major geopolitical realignment in the region where oil and natural gas have long been in short supply and heightened tensions.

The U.S. Geological Survey estimated in 2010 that more than 122 trillion cubic feet of gas and around 4 billion barrels of oil lie under the continental shelf that runs south from Syria and Lebanon before curving westward to Egypt.

So it's no surprise that in such a volatile region the competition over such potentially vast energy reserves just keeps growing, fueled by political quarrels that have beset the region for decades, if not centuries.

Israel, still at war with its Arab neighbors, has been at odds with Turkey, its onetime strategic ally which now solidly supports the Palestinians.

The split occurred May 31, 2010, when Israeli forces killed nine Turks while intercepting a Turkish-organized aid flotilla heading for the Israeli-blockaded Gaza Strip.

Cyprus has historically been a point of conflict between ancient enemies Greece and Turkey. The island has been divided since Turkey invaded in 1974 and seized the northern sector. The Turkish-Cypriot republic it declared is recognized only by Ankara. The government of the Greek Cypriot south in Nicosia is recognized internationally.

The emerging Cyprus-Israel relationship took a significant step forward this week when Cyprus' new foreign minister, Erato Kozakou-Marcoullis, visited Israel and had two days of talks on the gas issue.

Cyprus recently signed a zoning agreement on maritime exploration with Israel and is about to launch deep-water exploration off its southern coast.

Turkey claims the Nicosia government doesn't have the right to unilaterally exploit the island's natural resources.

Ankara's current drive to become a major regional power and regain its Ottoman legacy in the Muslim Middle East has fueled its disputes with Israel and Greece.

The giant gas fields found off northern Israel over the last two years, which are set to transform the Jewish state's economic fortunes, are believed to extend west toward Cyprus.

The island is also pushing to establish a liquefied natural gas plant to collect pipelined gas from Israel and Cypriot waters and handle exports to Europe through Greece, in a multibillion-dollar undertaking.

Greece and the Greek Cypriot sector of Cyprus are both members of the European Union.

Both the United States and Russia have recently issued statement supporting the Greek Cypriot position.

So a new Israel-Cyprus-Greece axis shaping up in the eastern Mediterranean that is likely to intensify the tensions generated by the Arab-Israeli conflict and Greece's ancient grudge match with its old nemesis Turkey.

The two-day visit to Israel by Kozakou-Marcoullis, who only took office three weeks ago, was much more than a routine get-together. She headed for Israel as soon as she's made her customary first call on Athens.

"Quite obviously, Nicosia and Athens … put their heads together and assessed that Israeli regional policies are on a remake," observed Indian analyst M.K. Bhadrakumar, a former career diplomat who served in Turkey, Kuwait and the Soviet Union.

"Cyprus and Greece had had indifferent ties with Israel but a compelling commonality of interests is sailing into view. A realignment of regional powers is taking place in the eastern Mediterranean, the leitmotif being the 'containment' of an increasingly assertive Turkey."

This new partnership is likely to be felt as far afield as Iraq, where Israeli support for separatist Kurdish guerrillas in the north against Turkey could escalate.

A statement issued by Israeli Prime Minister Binyamin Netanyahu's officer after Kozakou-Marcoullis' visit underscored that Israel had a convergence of interests with Cyprus over Ankara's perceived belligerence.

It noted that Netanyahu and Kozakou-Marcoullis had discussed "the possible expansion of energy cooperation given that both countries have been blessed with natural gas reserves in their maritime economic zones."

On Thursday, as Kozakou-Marcoullis returned to Nicosia, Cypriot Trade Minister Praxoula Antoniadou declared that exploratory drilling of Cypriot waters by Nobel Energy of Houston, the company that struck pay dirt off Israel, would begin shortly.

That's certain to infuriate Ankara.




Related Links
Powering The World in the 21st Century at Energy-Daily.com

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries








. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Oil prices flat ahead of US hurricane
New York (AFP) Aug 26, 2011
Oil prices rose slightly Friday on little industry news and a noncommittal speech on the US economic outlook from central bank chief Ben Bernanke, as a huge hurricane barreled toward the US east coast. New York's main contract, West Texas Intermediate (WTI) for October delivery, rose seven cents to $85.37 a barrel, not far from where it began the week. In London, Brent North Sea crude fo ... read more


ENERGY TECH
Amazon tablet seen as worthy iPad rival

Scientists put a new spin on traditional information technology

Steve Jobs a product wizard: Wozniak

Japan cuts radiation exposure limits for children

ENERGY TECH
"Network in A Box" Allows Military Vehicles To Be Used For Multiple Missions

Space Command retires workhorse satellite

Raytheon Develops Miniature Antenna To Extend Millimeter Wave Friendly ID Technology

China launches another experimental satellite

ENERGY TECH
Glonass-M satellite launch postponed for additional check

Russia 'grounds Soyuz rockets' after space crash

Russian spaceship crashes back to Earth

Russia grounds rockets after launch failure

ENERGY TECH
Researchers Improving GPS Accuracy In The Third Dimension

ASA Search and Rescue Software Used To Locate Capsized Boat Off Ireland

Software said to improve GPS accuracy

Two SOPS calls on reliable spare for active service

ENERGY TECH
Air New Zealand earnings plunge after disasters

Air disaster narrowly averted in China: report

Philippine Airlines lays off ground staff

U.S., Russian firms in distribution deal

ENERGY TECH
Flexible electronics hold promise for consumer applications

New nanoscale parameter by Aalto University resolves dilemmas on silicon property

Berkeley Lab scientists unveil an X-ray technique called HARPES

Etch-a-sketch with superconductors

ENERGY TECH
Google plots Hurricane Irene with online map

NASA Satellites Detect Pothole on Road to Higher Seas

Elbit To Supply Asian Countries with Electro-Optical Payloads for Maritime Applications

TRMM gets a look at Irene, the first hurricane of the Atlantic season

ENERGY TECH
Greenpeace finds toxic chemicals in branded clothing

Greenpeace Copenhagen gatecrashers get wrists slapped

Second chemical leak at Australian plant

New device exposes explosive vapors


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement