Biden Administration Kills Israel-to-Europe Gas Pipeline

Gatestone Institute ^ | February 15, 2022 | Soeren Kern

[woodbutcher1963]

So, IF Turkey got a piece of the action from this pipeline, in your humble opinion, would it be approved?

Plus, one leg of this pipeline was supposed to go to Egypt. What does Turkey have to do with that?

[Jewbacca]

They tried to get Turkey in.

Turkey wants no part of cooperation. It wants its own route that it dominates and controls.

[Jewbacca]

Precisely.

[Jewbacca]

“So, IF Turkey got a piece of the action from this pipeline, in your humble opinion, would it be approved?”

“If” being the biggest word. Turkey refused to get a “piece”. It wanted the pie.

The other big reason is the “Palestinian” lobby hates this. There are tons of articles saying this is “theft” from the Arabs and “fossil fuel imperialism” and other such nonsense.

It’s basically a collation of the greedy and the haters who interfered — with false claims of environmentalism.

[Jewbacca]

They’re not idiots. They did this on purpose.

Remember this article is from February. This decision was a green light to Putin to invade the Ukraine.

[richardtavor]

Biden thinks he is in control. He is not. He will find out soon who is. It is the God of Abraham, Isaac and Jacob. He sits rulers on their thrones, and takes them off.

[MarvinStinson]

Biden’s decision undercuts three of the strongest American allies in the Mediterranean region.

[Taxman]

How many people/nations will Biden have to piss off before there is some REAL blowback?

[woodbutcher1963]

Sounds like Israel needs to build a LNG terminal and start loading vessels.

Who else is capable of building a pipeline like this other than Chevron?

[Jewbacca]

“Sounds like Israel needs to build a LNG terminal and start loading vessels.”

Already happened and being expanded. Just not the same as a pipe.

“Who else is capable of building a pipeline like this other than Chevron?”

I don’t know. From another post on the thread, looks like the Italians and Greeks are trying to do something, probably with the EU helping with the tender.

[Dave911]

Exactly! Why does the Biden Administration have any say so in this at all? I’m convinced that this is the most evil administration in history.

[SuperLuminal]

More proof that:
The only good communist is a dead communist...

[miserare]

Thanks for the link aggregation.

It makes research easier, on all topics.

[frank ballenger]

“climate goals”——

If the goals are to destroy American enterprise, ruin the US economy, set up the ascendancy of Russia and China as the world dominating imperialist dictators over all——then it makes sense. If anything Biden says can make sense.

[Vaduz]

Climate goals now Biden and his utopians think they are Gods.

[DoodleDawg]

The Biden administration has abruptly withdrawn American support for the Eastern Mediterranean (EastMed) pipeline, a project aimed at shipping natural gas from Israel to European markets.

Then just do it anyway without U.S. support. Unless "U.S. support" means the U.S. was going to pay for it.

[rottweiller_inc]

This has the stench of Obama all over it

[Jewbacca]

You probably should read the article.

“US Support” means Chevron (who leases the field) was going to build a pipeline to make its shareholders lots of money and Biden made it impossible for Chevron to do so, by misusing his powers under the SEC and banking regulations.

Another group of companies are in the process of pursuing the project, but it’s going to be much more difficult.

[DoodleDawg]

You probably should read the article.

I did. Point out where Chevron is mentioned because I'm not seeing it. Nor any mention of the SEC or the EPA, which would have nothing to do with this anyway since it's not in the U.S.

Another group of companies are in the process of pursuing the project, but it’s going to be much more difficult.

So it's not killed, they just need to find someone other than the U.S. to foot the bill.

[Jewbacca]

Here:

The Leviathan gas field is a large natural gas field in the Mediterranean Sea off the coast of Israel,[2] 47 kilometres (29 mi) south-west of the Tamar gas field.[3] The gas field is roughly 130 kilometres (81 mi) west of Haifa in waters 1,500 metres (4,900 ft) deep in the Levantine basin, a rich hydrocarbon area in one of the largest offshore natural gas field finds.[4][5][6] According to some commentators, the gas find has the potential to change Israel's foreign relations with neighboring countries, including Turkey, and Egypt.[7] Together with the nearby Tamar gas field, the Leviathan field is seen as an opportunity for Israel to achieve energy independence in the Middle East.[8]

As of 2017, even by conservative estimates, Leviathan holds enough gas to meet Israel's domestic needs for 40 years.[9][10] The field began commercial production of gas on 31 December 2019.[1]

The potential for a natural gas prospect at the Leviathan site was identified by geologist Eitan Aizenberg, co-founder of the small Israeli oil exploration company Ratio.[11] To assist with exploring the prospect Ratio enlisted the cooperation of another Israeli firm, Delek, who then brought in Texas-based Noble Energy to the venture – with whom it had previously developed the small Mari-B offshore gas field in southern Israel under the Yam Tethys partnership.[11]

In July, 2010, Noble Energy announced that seismic studies indicated there was a 50% chance of the Leviathan field containing natural gas, with the potential reserve size being estimated at 16 trillion cubic feet (450 billion cubic metres).[12] The initial exploration well, Leviathan 1, was drilled to a depth of 5,170 metres (16,960 ft) and the discovery was announced on December 30, 2010.[13] The cost of drilling the exploration well was $92.5 million.[14] The well was drilled by the Homer Ferrington rig.[15]

The second stage of drilling of the Leviathan 1 well was intended to reach a depth of 7,200 metres (23,600 ft), which would include an additional natural gas reserve and potentially 600 million barrels of oil.[16] While the gas discovery at -5170m was made in the Tamar sands layer which was already known to contain gas, the additional oil and gas potential exists in layers that have not been explored in the Levant basin. Noble has twice failed to reach the deeper layers due to technical challenges with drilling to the extreme depths involved. However, during drilling towards the intended target some gas was detected and as of 2012 Noble still had plans to explore those layers.

The Leviathan gas field was the second largest gas field in the Mediterranean Sea after the August 2015 discovery of the Zohr field off the coast of Egypt, only 6 km from Cyprus's Block 11.[17][18][19] Chevron Corporation, which acquired Noble Energy in October 2020, operates Leviathan with a 39.66% working interest; Delek holds 22.67%; Avner Oil Exploration holds 22.67%; and Ratio Oil Exploration holds the remaining 15%.[5] In February 2014, Woodside Energy agreed to buy a 25% stake of the Leviathan field for up to US$2.55 billion.[20] It was announced on 21 May 2014 that Woodside Energy pulled out of an agreement to take a stake worth up to $2.7 billion in Israel's flagship Leviathan gas project, as the group developing the field shifted focus to regional markets.

In the summer of 2014, Netherland, Sewell & Associates (NSAI) made an upward revision on the amount of gas reserves, giving a 2P value of 621 BCM. The expected year of production was stated to be 2017.[21] In April, 2015, the Israel Ministry of Energy reported that it was working with NSAI and the Leviathan partners to understand the discrepancy between the NSAI revised estimate and the estimate provided by other analyses provided to the ministry, indicated a best estimate of only 16.5 tcf (470 BCM).[22]

https://www.protothema.gr/english-news/article/1220761/chevron-ceo-says-eastmed-gas-pipeline-could-supply-europe-amid-crisis/

https://www.bloomberg.com/news/articles/2021-01-19/chevron-to-invest-in-pipelines-to-export-israeli-gas-to-egypt#xj4y7vzkg

https://www.energyintel.com/0000017d-c7e4-d9a0-abff-c7ee935f0000

https://www.upstreamonline.com/exclusive/bidders-chase-major-contracts-on-6-billion-east-med-gas-pipeline/2-1-1253405