Thursday, January 3, 2013

Lebanon is poised to become the next new El Dorado for the natural gas business, as the whole world specialized media on energy issues are widely celebrating first allegedly huge gas fields discoveries that might rival those found either in Israel or in Cyprus, which needless to say, have almost vanished from world media after first gas off shore fields were discovered hardly two years ago or maybe less, projecting the Mediterranean basin as a new Caspian that could balance and give power to a reshuffling of the world energy geopolitics, so far too centered on conflictive zones such as the Persian Guf, the Arabian Peninsula, and so on. But one question comes to mind when Lebanon adds up to all these new mediterranean gas fields discoveries that have been so fanfared by world media, and is the fact that if the Mediterranean basin could be an alternative to the mighty monopoly sustained by countries such as Russia, Iran, Qatar, and the rest of the natgas world heavyweights, counting for sure with all the political support from Washington and the gas and oil lobby, as well as from Western Europe, desiring once and for all to unchain itself from Moscow almost never ending gas dependence, and which place Lebanon could play in the energy power politics within the whole Middle East region, once again becoming a pivotal state with Washington support absolutely, even if the USA now could say that is becoming one of the worlds main natural gas producer ahead or Russia. Once again Lebanon will play a buffer zone role in Middle East powerplays, but this time, with a more explosive leverage tool, that is, energy.

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