Posted on 05/01/2016 5:40:25 AM PDT by kindred
Sources said Sunday that another round of negotiations over the development of Israels Leviathan offshore gas field by a serious player from Russias energy sector could be in the works. The degree of Russian interest is still unclear, but the potential renewed Russian interest comes on the heels of Israeli Prime Minister Benjamin Netanyahus meeting with Russian President Vladimir Putin in Moscow last Thursday.
Some three years ago, the state-run Russian energy giant Gazprom expressed interest in buying gas harvested from Israels Tamar offshore filed. While a memorandum of understanding was signed on the issue, it never matured into a binding agreement. Gazprom later held talks to purchase a significant 30 percent share of the Leviathan field, but those negotiations never resulted in a deal, as Leviathans controlling shareholders entered negotiations with Australian company Woodside Petroleum, talks that ultimately also fell through.
Russian access to Israels natural gas deposits could have broad geopolitical implications. Russia is an important gas provider to Europe, and since the American company Noble Energy partly owns Leviathan, it appears Russia-U.S. relations may also become part of the equation.
Developing the Leviathan gas field is expected to cost controlling partners upwards of $5 billion. The fields development hit a major snag after the Israeli High Court of Justice recently ruled that a landmark agreement to develop Israels offshore gas reserves is unconstitutional.
(Israel Hayom/Exclusive to JNS.org)
Ezekiel 38...
Thanks to odumbo and his ilk, Israel and Russia will become new “friends”
Prophecy says otherwise
“Have you come to take a spoil?”
Russia doesn’t need natural gas.
Yes, but being able to influence the the direction and volume of flow is good for Russia.
And having a nice winter home for your Navy in nearby Syria is also a plus.
Because when John wrote Revelation he used imagery that he understood. He did not know how to otherwise describe modern weaponry. But then you already knew that. Don’t take the Mark.
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