The Israel-Egypt Gas Deal Is Highly Advantageous to Both Countries

The Texas-based firm Noble Energy and the Israeli firm Delek recently concluded an agreement with Egypt’s Dolphinus to export natural gas from Israel’s offshore reserves to Egyptian gas-liquefaction facilities—the only such facilities in the region—and then export it to Europe. As Zvi Mazel explains, the economic benefit to both countries can be substantial, but anti-Israel sentiment could still get in the way:

Egyptian officials were at pains to stress that this was a business deal between private companies, while at the same time emphasizing that it was a first step toward making Egypt a regional gas market. . . . These attempts to preempt accusations of “normalization” [of relations with Israel] were not wholly successful. Questions were asked in parliament; an attorney petitioned the [Egyptian] supreme court to void the deal.

The ink hadn’t dried yet on the deal when Cyprus revealed that it, too, was engaged in negotiations with Cairo regarding the export of gas from its Aphrodite offshore field not far from the coast of Egypt. . . . Aphrodite’s reserves are estimated at some 129-billion cubic meters. Noble energy, Delek drilling, and Avner oil exploration [another Israeli company] hold significant shares in that field.

Several routes exist for optimizing the production of eastern Mediterranean gas fields. . . . Yet significant obstacles lie ahead. Ongoing disputes concern the maritime borders of all parties involved. Cyprus reached an agreement with Egypt regarding the delimitation of its maritime borders in 2003, in 2007 with Lebanon, and in 2013 with Israel. . . . Egypt, [however], has never delimited its maritime borders with Israel. It’s currently not happy with the agreement between Cyprus and Israel, even though its commercial waters are not affected and the coordinates of that agreement conform with internationally accepted criteria. . . .

That said, the enormous gas resources in the eastern Mediterranean could significantly contribute to the economic development and stability of the countries of the region, provided these governments can set aside their conflicts and differences of opinion to work together for their mutual benefit. As things stand, political and religious interests have the upper hand, and it’s hard to see how they could be overcome or avoided.

Read more at JNS

More about: Cyprus, Egypt, Israel & Zionism, Israeli economy, Natural Gas

 

Why Taiwan Stands with Israel

On Tuesday, representatives of Hamas met with their counterparts from Fatah—the faction of the Palestine Liberation Organization (PLO) once led by Yasir Arafat that now governs parts of the West Bank—in Beijing to discuss possible reconciliation. While it is unlikely that these talks will yield any more progress than the many previous rounds, they constitute a significant step in China’s increasing attempts to involve itself in the Middle East on the side of Israel’s enemies.

By contrast, writes Tuvia Gering, Taiwan has been quick and consistent in its condemnations of Hamas and Iran and its expressions of sympathy with Israel:

Support from Taipei goes beyond words. Taiwan’s appointee in Tel Aviv and de-facto ambassador, Abby Lee, has been busy aiding hostage families, adopting the most affected kibbutzim in southern Israel, and volunteering with farmers. Taiwan recently pledged more than half a million dollars to Israel for critical initiatives, including medical and communications supplies for local municipalities. This follows earlier aid from Taiwan to an organization helping Israeli soldiers and families immediately after the October 7 attack.

The reasons why are not hard to fathom:

In many ways, Taiwan sees a reflection of itself in Israel—two vibrant democracies facing threats from hostile neighbors. Both nations wield substantial economic and technological prowess, and both heavily depend on U.S. military exports and diplomacy. Taipei also sees Israel as a “role model” for what Taiwan should aspire to be, citing its unwavering determination and capabilities to defend itself.

On a deeper level, Taiwanese leaders seem to view Israel’s war with Hamas and Iran as an extension of a greater struggle between democracy and autocracy.

Gering urges Israel to reciprocate these expressions of friendship and to take into account that “China has been going above and beyond to demonize the Jewish state in international forums.” Above all, he writes, Jerusalem should “take a firmer stance against China’s support for Hamas and Iran-backed terrorism, exposing the hypocrisy and repression that underpin its vision for a new global order.”

Read more at Atlantic Council

More about: Israel diplomacy, Israel-China relations, Palestinian Authority, Taiwan