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Looking More & More Look the Spoil is the Oil

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(@tenderreed)
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Coming against the established order that God ordained in no matter what form is blasphemous to say the least.  Whether we talk about women, Mary the mother of Christ  or the church, the feminine counterpart to Christ must always be subordinate.  This is why God created man first!  Signifying that God himself was first before all!  This preeminence was established so that we could then conform to the notion than none can rise above Him!

TR

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According to i24news.tv ... today ...

Putin, Erdogan inaugurate pipeline that will stream gas from Russia to Europe

President Recep Tayyip Erdogan and Russian counterpart Vladimir Putin inaugurated a new gas pipeline linking their countries at a ceremony in Istanbul on Wednesday with tensions over Libya and Syria also on the agenda.

Erdogan described the TurkStream pipelines -- which will deliver Russian gas to Turkey and Europe via the Black Sea -- as a "project of historic importance" for relations between their countries.

Putin arrived late on Tuesday after paying a surprise visit to Syria -- his first to Damascus since the war began -- at a moment of acute uncertainty in the Middle East following the assassination of top Iranian general Qasem Soleimani by the United States.

TurkStream and the Nord Stream pipelines under the Baltic allow Russia to increase gas supplies to Europe without having to rely on Ukraine.

But Moscow's increasing domination of European energy markets has worried the United States, which last month sanctioned firms working on TurkStream and the almost-completed Nord Stream 2.

The ceremony in Istanbul reflected a dramatic improvement in ties between Russia and Turkey, who appeared on the verge of war less than five years ago after Turkey shot down a Russian jet.

They have established a regular dialogue over the Syrian conflict, despite being on opposing sides.

- Fair Use-

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So we now have the G/M team beat Israel to the first gas delivery to Europe.  When Israel starts delivering their shipment do you think they will lower the cost and the European countries then betray Putin and Erdogan and start buying from Israel or do you think some type of catastrophic event occurs to the pipeline in the Black Sea?  Do you think this will be the final straw that will trigger the G/M attack? :unsure:

:feedback

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Yohanan
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One of the things working against Russia is their use of energy as a weapon. If their "customers" don't do as they say, they shut off the flow of energy. They have a history of doing this and they love to do it especially in the winter months. I think Europe will be very happy to drop Russia as a supplier once Israel is delivering the energy they need.

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I agree Yohanan.  As like with anyone, the lesser of two evils will always win out.

I am not so much concerned with whatever size hook or the nature of the bait the Lord uses, but it certainly helps fill in the gaps in our prophetic picture!

Balance, perspective, caution and wisdom seem to be in an ever decreasing supply when it comes to the prophetic profile, IMHO.  Claims of every sort have surfaced within the camp of spiritual speculation, declaration and presumptuous false teachings!

Please understand my heart.  I trust the Lord to accomplish His purposes, that's it!

TR

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And the plot thickens ...  and Yohanan was spot on about Putin’s shenanigan games in Ukraine

 

The Leviathan Natural Gas Field Could Be a Game-Changer for Israel-EU Relations

By Frank Musmar
BESA Center Perspectives Paper No. 1,411, January 19, 2020

EXECUTIVE SUMMARY: The vast Leviathan natural gas field off the Haifa coast could be a game-changer for Israel’s relations with the EU. Europe is currently dependent on Russian natural gas. A reliable and price-competitive natural gas alternative in the Mediterranean could diminish Moscow’s ability to use energy supplies as a political weapon against Europe.

Leviathan, the largest natural gas field ever discovered, is located in the Mediterranean Sea off the coast of Israel.  It is deep in the Levantine Basin, an area rich in hydrocarbons. The field is roughly 130 kilometers west of Haifa and 1,500 meters deep.

Leviathan is estimated to hold over 21 trillion cubic feet of natural gas—enough to fill Israeli power-generation needs for the next 40 years while still leaving ample supply for export.

Leviathan could prove to be a game-changer for Israel’s relations with the EU.

Israel’s proven gas reserves are estimated at some 455 billion cubic meters (bcm), while the Eastern Mediterranean has about 2,100 bcm of gas in total. The EU’s consumption of gas in 2017 was 410 bcm, meaning Israel’s reserves are enough to supply the EU.

Israel’s gas production is anticipated to exceed demand by 80% in 2020 thanks to production from Leviathan 1A. This will enable Israel to become a gas exporter in the Eastern Mediterranean. (The Karish field, which has recoverable reserves of 1.7 tcf [60 bcm], is also under development and is expected to start supplying the domestic market in 2021.)

Israeli natural gas offers the EU a rare opportunity to loosen Russia’s energy chokehold on parts of Europe. Moscow wields access to energy supplies as a political weapon. The Levantine basin offers the EU an alternative: a reliable and price-competitive source of liquefied natural gas.

In January 2019, Israel, Egypt, and Cyprus announced the creation of the Eastern Mediterranean Gas Forum, which aims to build a 1,200-mile pipeline connecting the abundant hydrocarbon reserves of the Levantine basin with Europe via Cyprus and Crete. The European Commission has contributed nearly $39 million to the project, which is forecast to be completed in seven years.

The transformation of the eastern Mediterranean into an energy hub could have major global geopolitical implications.

After a meeting in Tel Aviv with the energy ministers of Israel, Cyprus, Greece, and Italy, European Climate and Energy Commissioner Miguel Arias Canete said the pipeline would help the EU limit its reliance on the Nord Stream pipeline via Russia. This development concerns Moscow, of course, because the Russian economy is heavily dependent on the export of natural resources such as oil and natural gas. Russia holds 54% of the world’s total reserves of gas, 46% of its coal, 14% of its uranium, and 13% of its oil. It provides 37% of Europe’s gas supplies via its oil and gas giant Gazprom. Europe’s energy dependence has paid off handsomely for Russia.

Russia’s contract to use Ukrainian pipelines to ship natural gas to Europe expired on December 31, 2019. The last time the contract was up for negotiation, Russia stopped gas shipments for 13 days in the dead of winter. The result was freezing temperatures in homes from Sofia to Rome. If no contract is reached and Ukraine ceases to be a transit state, Europe may not immediately suffer a shortage, but prices will spike.

Ten years ago, Israel depended on Egyptian natural gas. Today, Israel exports natural gas to both Egypt and Jordan. Export agreements to Jordan and Egypthave already been concluded for Leviathan Phase 1A gas. Israel will export 106 bcf (3 bcm) natural gas per year to Jordan starting in 2020 through a 65-kilometer pipeline. Israel will need access to additional markets, however, if it is to export large quantities of natural gas. A burgeoning energy relationship with the EU is very much in Jerusalem’s interest.

- Fair Use -

 

 

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