$15 BILLION WORTH OF ISRAELI NATURAL GAS TO BE SOLD TO EGYPT

[Gomig-21]

This will have impact on Qatar position in LNG market , countries like Saudi Arabia and UAE will be more than happy to increase Egypt LNG capacity through investments if it turns out that this region contains gas reserve comparable to Qatar reserves.

Hard to tell if this was an unintended consequence but nonetheless, works out well

The only one who stands to benefit politically from this move (at least directly) is Bibi, mostly on the domestic level. I find it quite odd to have the prime minister himself announcing such a thing considering the fact that it's largely a business deal between private companies, not state-level transaction. $1.5 billion/year is pocket change compared to state budgets.

He was really enthusiastic about it! He has some major problems with the Israeli police and that's not a good thing for him. The last time the Israeli police recommended charges on a PM, he ended up in jail!

Ehud Olmert was released early last June.

http://www.telegraph.co.uk/news/2017/07/02/ehud-olmert-released-prison/

Bibi better be careful he might end up in the same cell.

it's not about money...it's about legitimacy...

I'd say it's about both. Without money there isn't much legitimacy since this brings huge amounts of cash, why not ride the wave and take the credit to distract from the real problems.

 

[The SC]

By "major energy hub," and specifically in gas, could that also have certain geopolitical ramifications? Maybe that's the other part of the main target?

Well.. I expect at least the Amraam and V upgrades as counterparts for this deal..
Geopolitical ramifications are a certainty in this case.. if for nothing else..it will be due to the geostrategic position of Egypt vis a vis Europe..

 

[Gomig-21]

Well.. I expect at least the Amraam and V upgrades as counterparts for this deal..
Geopolitical ramifications are a certainty in this case.. if for nothing else..it will be due to the geostrategic position of Egypt vis a vis Europe..

Which brings up what @mahatir pretty much nailed; there is no way Qatar didn't see this coming from a mile away and planned something to deal with the possible market adjustment?

Interesting thread.

https://twitter.com/x/status/965708474926714885

 

[The SC]

Which brings up what @mahatir pretty much nailed; there is no way Qatar didn't see this coming from a mile away and planned something to deal with the possible market adjustment?

Qatar gas is treated and used by the UAE and Oman.. I think it is the UAE who saw this coming first and adjusted/diversified its sources for gas..Although I do not think that Qatar or the UAE will want to break their deals.. this Egyptian deal will put more pressure on Qatar to stick to the deals..in other words it is an insurance for the UAE.. and benefits everyone involved but Qatar and Turkey to some extent.. because the latter will most likely sign a deal with Usrael for gas pipelines.. but it is left to see..

 

[HannibalBarca]

Which brings up what @mahatir pretty much nailed; there is no way Qatar didn't see this coming from a mile away and planned something to deal with the possible market adjustment?

You should check Qatar gas reserve... All of "known" gas field in all of Med sea don't even come close to Qatar ones...

As for the Price...it will not really drop since price will be the same among all...like the OPEC scenario.
Qatar gas client are a little different from those of Med sea, where the majority of the gas in Med sea will be used domestically and what remains will go to EU.

More Egypt will develop, less she will export. (national gas increase)

 

[The SC]

Which brings up what @mahatir pretty much nailed; there is no way Qatar didn't see this coming from a mile away and planned something to deal with the possible market adjustment?

Interesting thread.

https://twitter.com/x/status/965708474926714885

What came in the tweet is not very interesting .. I think of it as pure speculation.. because if Egypt just rents its facilities, it will make minimum profit.. and anyway the deal was signed between private companies ..one American on behalf of the Usraeli Co. and one Egyptian.. So in reality the tweet makes no sense.. because the profit is in the re-export after liquefaction.. and Usrael had no other choice but to sell it raw gas or drink it..


This applies to Usrael too..

https://twitter.com/x/status/965712284113915904

 

[Gomig-21]

You should check Qatar gas reserve... All of "known" gas field in all of Med sea don't even come close to Qatar ones...

As for the Price...it will not really drop since price will be the same among all...like the OPEC scenario.
Qatar gas client are a little different from those of Med sea, where the majority of the gas in Med sea will be used domestically and what remains will go to EU.

More Egypt will develop, less she will export. (national gas increase)

Nobody suggested that any of the Mediterranean gas would equal the 3rd largest know gas reserves in the world, my friend. We're only speculating at a possible market effect.

What came in the tweet is not very interesting .. I think of it as pure speculation.. because if Egypt just rents its facilities, it will make minimum profit.. and anyway the deal was signed between private companies ..one American on behalf of the Usraeli Co. and one Egyptian.. So in reality the tweet makes no sense.. because the profit is in the re-export after liquefaction.. and Usrael had no other choice but to sell it raw gas or drink it..


This applies to Usrael too..

https://twitter.com/x/status/965712284113915904

I think his use of the word "renting" was to offset the term "importing" and to only make the distinction. I don't think he meant it in its literal term but to separate it from importing as a domestic need.

 

[GBU-28]

This is the new Middle East and Arabs on the street as well as crazy Iranians will need to get used to it.

 

[HannibalBarca]

This is the new Middle East and Arabs on the street as well as crazy Iranians will need to get used to it.

Only a Crazy would fight to stay among other Crazies...

 

[Ceylal]

And Algeria was and is still supplying them Gas that they were and are re-selling to Israel..And Algeria has yet to be paid for it..But they can sign a $15 B with Natan...and Egypt is extatique about the deal...

 

[Crocodile]

More Egypt will develop, less she will export. (national gas increase)

We're after a much bigger game here than just mere export of raw gas. Our plan is to turn into a regional hub for eastern Mediterranean gas, buying raw gas from Israel, Cyprus and possibly Lebanon and then proceed to treat and liquify it at the facilities in Damietta and Idku before re-export to Europe and possibly even Africa and south Asia through the Suez Canal.

 

[cabatli_53]

The problem...you can't count on the Cyprus part to hold the conditions of the deal...Since Turkey also "Seek ownership" of that EEZ.

I think ppl do not understand why such "problems" happen... SO here to let you see what Turkey think as "unfair" and to be honest... I pretty sure that Egypt will have reacted the same...

As you can see... this is TR EEZ... can you spot the "problem"?

And this is what Turkey seek, as being fair or at least "Equal to what others have"

One thing also.
North Cyprus is recognized by Turkey, and defacto, it's part of Turkey.
The NC problem rise in the deal made by south-cyprus( greek cyprus) and Egypt...where the SOuth will have the right to use and gain money thanks to that EEZ WITHOUT giving a share to the North. that's is also something Turkey couldn't accept. it's either all Cyprus citizen who get a share or no one...

Thx to clarifying the situation to a "barking"(his own describtion) fanboy opening his mouth daily with all ignorant attitudes to threaten Turkey bro. This troll even suppose that Turkey claims right for Egyptian EEZ. What a joke ! Besides, The members talking about international treaties like parrot in this thread doesn't have any idea about related international treaties. They suppose Turkey breaks the rules of international treaties. If those treaties are open/solid enough to draw those zones, World doesn't suffer such EEZ conflicts in all areas. In addition, same international rights encourage countries to make deal with each other to solve their EEZ problems since each state have a coastline to opensea have rights (with some remarks) to increase their EEZ up to 200miles with contact to otherside and Greek Cypriots did it one-sided without asking/dealing with Turkish Republic in 2004 in a timeline Their inner problems have not even be solved but accepted to EU. This arrogant politic move resulted EEZ interception in a some zones with Turkish EEZ. They are now playing politic games with giving drilling rights of disputed zones to Egypt like "hostile" states to make Turkey push a conflict with them but Turkey is not a banana state to let a small island to thieve the EEZ rights neither in Mediterranean, nor in Aegean. 3rd party states doesn't have rights to do anything against Turkey so Egyptian threatens/siding with Greek claims are like a hotair to Turks.

That's the EEZ zone of Turkish mainland according to international treaties !

That's the Greek claims that want us to accept like a joke !

One of the biggest drilling vessel of the World is purchased and TPAO will start drilling in all EEZ in Mediterranean in a few months ! There are 6 warships in disputed zones protecting rights of Turkish Republic.

 

[Gomig-21]

Thx to clarifying the situation to a "barking"(his own describtion) fanboy opening his mouth daily with all ignorant attitudes to threaten Turkey bro. This troll even suppose that Turkey claims right for Egyptian EEZ. What a joke ! Besides, The members talking about international treaties like parrot in this thread doesn't have any idea about related international treaties.

So let me get this straight; you're obviously talking about me and calling me a barking fanboy troll opening my mouth with an ignorant attitude..............so before I get to that terrible reaction of yours, let me clarify the discussion I was having so that you can understand what was happening and then we'll get to a MUCH BIGGER problem, and that is your attitude as a very sensitive and super hyper nationalist who ignores the duties of a moderator on a forum.

The discussion, no matter the points of view of whomever, but especially of me in this case, was merely a legitimate disagreement to what the other member was discussing. NOT ONCE did I say anything trollish (since I'm way too old to spend time on a forum trolling and only care to discuss substantive issues) and my point of view was a disagreeing one with the other member, and NOT ONCE did I threaten Turkey like you claim that made you so sensitive and react in such a terrible manner.

If you're going to accuse me of something, SHOW ME EXACTLY WHERE I threatened Turkey?! I'll be waiting because if I did that, then I owe an apology because that is not the way I behave. But I'm 100% positive that nowhere did I threaten Turkey in any way. So for your sake, I hope you can prove what you accused me of.

Now, if you don't like my point of view, that's perfectly fine, but YOU, AS AN INT'L MODERATOR should have the DECENCY to at least offer your opinion in a RESPECTABLE MANNER, and not with insults just like what you just did.

If you have a problem with what I said, you can simply state that without any insults. I'm not a child participating in this forum to troll or whatever the hell that is that this young generation thinks is fun to do. And if you think it's fanboy barking, then you need to really consider elevating your comprehension skills and reduce your sensitivities and the way you react to disagreeing views because guess what, you seem to do that on a regular basis. Not everyone is going to have the same view as you and you should be able to handle that without getting so sensitive and unhitched.

This is a forum to present differing views -- at least I hope it is -- and to have engaging and stimulating discussion and those with moderator powers should at least have the decency and ability to distinguish between those who do that and those who troll, and especially refrain from reacting in such manner.

 

[cabatli_53]

So let me get this straight; you're obviously talking about me and calling me a barking fanboy troll opening my mouth with an ignorant attitude..............so before I get to that terrible reaction of yours, let me clarify the discussion I was having so that you can understand what was happening and then we'll get to a MUCH BIGGER problem, and that is your attitude as a very sensitive and super hyper nationalist who ignores the duties of a moderator on a forum.

The discussion, no matter the points of view of whomever, but especially of me in this case, was merely a legitimate disagreement to what the other member was discussing. NOT ONCE did I say anything trollish (since I'm way too old to spend time on a forum trolling and only care to discuss substantive issues) and my point of view was a disagreeing one with the other member, and NOT ONCE did I threaten Turkey like you claim that made you so sensitive and react in such a terrible manner.

If you're going to accuse me of something, SHOW ME EXACTLY WHERE I threatened Turkey?! I'll be waiting because if I did that, then I owe an apology because that is not the way I behave. But I'm 100% positive that nowhere did I threaten Turkey in any way. So for your sake, I hope you can prove what you accused me of.

Now, if you don't like my point of view, that's perfectly fine, but YOU, AS AN INT'L MODERATOR should have the DECENCY to at least offer your opinion in a RESPECTABLE MANNER, and not with insults just like what you just did.

If you have a problem with what I said, you can simply state that without any insults. I'm not a child participating in this forum to troll or whatever the hell that is that this young generation thinks is fun to do. And if you think it's fanboy barking, then you need to really consider elevating your comprehension skills and reduce your sensitivities and the way you react to disagreeing views because guess what, you seem to do that on a regular basis. Not everyone is going to have the same view as you and you should be able to handle that without getting so sensitive and unhitched.

This is a forum to present differing views -- at least I hope it is -- and to have engaging and stimulating discussion and those with moderator powers should at least have the decency and ability to distinguish between those who do that and those who troll, and especially refrain from reacting in such manner.

My speeches has nothing to do with you. I respect the kind members like you, your nation and I always believe the friendship of our publics. I said many times before I have been in many Arabian states and I know the situation from first hand so I adviced many Turkish membera not to judge/generalize Arabian friends with looking a few trolls in this section Even If ruling dictators act hostile to Turkish international rights but my answerer knows himself. When he read what I wrote, He will see himself/his very own style. That’s the reason some words are written quoted like “ “. Those words don’t belong to me. My speeches just a mirror reflecting the dirty/provocative mouth of an ultra “ignorant” fanboy. This guy insulted not only Turkish members bıt also me many times with “clown, idiot, barking dog, ignorant, put the pill” like statements, insulting/threatening anything Turkey does without having any idea what he is talking with his provocative statements so Relax! I am not a MOD of this section, and I see the rules are flexible for such words directed to Turkish members under the hegemony of some Arabs in this section so I am talking about incidents with quoting his own words for re-directing to him. That’s How some are able to get.

 

[Ceylal]

Bugsey Siegel is extremely happy...

https://www.facebook.com/