Monday, July 23, 2012

USA and Israel want to strengthen their energy ties. Fear from Russia maybe?

The White House and Israel announced they wanted to reinforce their cooperation on energy issues, in a moment when Israel is experiencing its best energy (gas specifically) moment, due to recent discoveries of massive gas fields, making Israel a sudden hub for gas in the Mediterranean, alongside Cyprus, the other surprise in the world gas arena. But this announcement has another implication, in a way that Russia has shown intentions of reinforcing its cooperation with Israel, being an example of that when Vladimir Putin made Israel his first stop during a recent trip to the Middle East, underscoring the importance the Kremlin gives to Israel now, moreover when GAZPROM supplies a considerable part of the gas Israel consumes and the russian intentions of participating with the Israeli government in gas projects. So this recent Obama administration move has a geopolitical implication too, fearing Russia would displace the US as a main ally of Israel, and plus given the not so warm relationship between Netanhayu and Obama in recent years. Lets see who gets Israel at the end and lets not forget that the USA is too a gas heavyweight, so it will be a big struggle in the short term.

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