Gail (26 Jan 2012)
"Talk about GeoPolitics; AntiMessiah's Platform is set-up for him"


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

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-