The EastMed Pipeline Project

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Global Risk Insights: The EastMed gas pipeline between Cyprus, Greece and Israel will revolutionise the economies and geo-politics of the region. The project comes from an emerging alliance between the three countries who must move forward cautiously in the face of neighbouring States’ opposition.

On December 20th, the Prime Ministers of Cyprus, Greece and Israel converged on the southern Israeli city of Beersheba. All three parties publicly committed to signing a high-level agreement in the near future. Such an agreement would solidify one of the longest and deepest underwater gas pipeline in the world.

It is expected to deliver approximately 10 billion cubic meters (BCM) of natural gas to the European Union (EU) through Greece and Italy. The EU is keen to support the project and diversify its natural gas imports away from the heavily sanctioned Russian Federation and declining North Sea gas production. more …

Opinion: The EastMed pipeline is to ship 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 38:3 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)

Thanks to Vason for finding this article