Posted on 02/01/2011 7:44:17 AM PST by BenLurkin
The unrest in Egypt has raised serious concerns in Israel as Tel Aviv highly relies on its energy contracts with Cairo which account for 40 percent of Israel's natural gas supplies.
In December, four Israeli firms signed multi-billion-dollar contracts with Egypt to import gas in the next two decades.
As the collapse of the pro-Israeli Mubarak administration looms more imminent, concerns hike in Israel that a new, popular government in Cairo might not favor Israel ties and cut Tel Aviv's crucial energy supplies.
The fears were further intensified after the leaders of Egypt's main opposition movement, the Muslim Brotherhood, called on Cairo to stop supplying Israel with gas.
On Monday, Israeli Prime Minister Benjamin Netanyahu voiced concern that Islamic groups could take power in the Arab nation, which has one of the largest Muslim communities in the world.
Landau also urged Israeli companies that are developing the Tamar gas field -- lying off the port of Haifa in northern Israel -- to push ahead with its timely development. The Tamar fields, which are due to start production in 2013, are said to hold reserves estimated at eight billion cubic meters.
Media reported on Tuesday that Israel's National Infrastructure Ministry has conducted exercises to practice dealing with an emergency situation in which gas supplies are cut off.
(Excerpt) Read more at presstv.ir ...
This is why Obama is a TOTAL IDIOT for turning his back on Israel and also President Mubarak.
This is EXACTLY what Israel’s enemies want...to isolate them.
So, let’s see:
-40% of Natural Gas cut off from Egypt
-Radicals take over Egypt, Lebanon, and possibly Jordan, with protests spreading to other Middle Eastern countries
-Israel’s enemies converge on them all at once
We need to stand by Israel NOW and our government just sits back and twiddles their thumbs. Disgusting!
The Hussein regime is not an American government — the Hussein regime is an anti-American government.
And, in this case they are not just sitting back — Hussein is working to destroy Israel.
At least Israel has a plan B, what does the US have? Drill Baby Drill.
Drill here. Drill now.
Drilling will start just before the 2012 presidential elections. Production will continue or not after the election depending on how gullible voters are.
Ah, PressTV. Iranian propaganda at its best.
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