Israel seeks to turn gas to gold

 January 25, 2012

JERUSALEM (AP) — Israel is putting together a plan for a national investment fund that would put to work an anticipated natural gas bonanza to fuel both an export-geared economy and provide a nest egg of $10 billion in under a decade for future generations.

Cyprus to become energy bridge

January 25, 2012 Geopolitics

NICOSIA- Cyprus is set to become an energy bridge between two continents — Asia and Europe — with a massive project underway to transfer electricity to the whole of Europe.

The project involves the connection of Israel, Cyprus and Greece and consequently the entire European electricity network with an underwater sea cable.

“Studies for the ambitious project will completed by the end of 2012 and the target is to have it up and running by 2013,” Nassos Ktoridis, Dei Quantum Energy chairman told The Cyprus Weekly.

The export of the Eastern Mediterranean Natural Gas surplus can by facilitated via compressed natural gas vessels (CNG) loading directly from the offshore field floating production systems to Eu ports..

 

 

In the long-term following further offshore discoveries in the region, the ability to build two or more pipelines to transport natural gas from Haifa (Israel) via Cyprus to the island of Crete (Greece) and then to Western Greece and Italy into the European NG network makes only sense. The “East Med-EU Pipeline” could provide energy security for the EU for at least half a century.

It is also important to note that the estimated giant shale gas reserves located in the area of Shefla onshore Israel and those in the offshore south of Crete basins and the rest of the Greek EEZ can only enrich the already estimated substantial volumes. In the longer term, natural gas from Iraq, Iran, Saudi Arabia and Qatar and even from the Caspian Sea could only make sense to connect to the “East Med-EU Pipeline” when the political environment allows.

Look who's at the top of that list to supply the EU with energy- Israel and Cyprus.

Russia's Gazprom Nord Stream pipelines to Europe are

running into major problems.

April 30, 2006 Europe's Gazprom problem-

It seems that Europe has a looming Gazprom problem. The largest natural gas extractor in the world, and third largest oil company, Gazprom appears keen to dominate European energy markets.

It is a huge company, overtaking Microsoft to become the world's third largest company by market value. But this is no ordinary goliath - the Russian government has a majority on the board of directors. Gazprom has already flexed its muscles by cutting off gas to the Ukraine, and warning Belarus it will triple gas prices by year-end. Now it has turned its attention to the European Union.

The recent Russian Economic Forum in London is a warning of things to come: Don't stand in the way.

The Russian bear was growling and Moscow was demonstrating its growing economic influence on the West. Alexander Medvedev, gas giant Gazprom’s deputy chief executive, even made it on to the BBC’s main evening news signifying just how far Russian companies have come in establishing their global profile.

President Vladimir Putin’s seizure of control over Russia’s oil and gas sector is now complete. Russia is flexing its muscles to recover its former superpower’s swagger on the world stage.

 

Daniel 11:29

At the time appointed he(AntiMessiah) shall return, and come toward the south; but it shall not be like the former, or like the latter.

I count 3 times that P.Charles is due in Israel, the former(1st time), the latter(2nd time), and the appointed time(3rd time, which is the abomination, of desolation time).

 

Electric grids survive solar storm

BOULDER, Colo., Jan. 25 (UPI) -- A geomagnetic storm triggered by a solar flare did little to disrupt the electrical power grid for North American consumers, authorities said.

 

Mid-Point - March 21st 2013

God Bless,

Gail