News for today's 2018

<br /> <br /><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1; text-align: justify;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><br /></span></b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLOgQcMIhLUhaIUknnyaCvndyevb-biTWpAaNfNYSr0nw9lGZCjvDqlSe_ORJXQOVAS2E0Up-fhA2pTPneB9o3Zyo23jQkRh70HL-pSHQuoEQwRUrIdBtF9ZITTLfIdPnsBOnr7EjP-e6k/s1600/640x392_27469_154627.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="245" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLOgQcMIhLUhaIUknnyaCvndyevb-biTWpAaNfNYSr0nw9lGZCjvDqlSe_ORJXQOVAS2E0Up-fhA2pTPneB9o3Zyo23jQkRh70HL-pSHQuoEQwRUrIdBtF9ZITTLfIdPnsBOnr7EjP-e6k/s400/640x392_27469_154627.jpg" width="400" /></a></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="font-size: x-large;"><span style="color: #134f5c;"><b><span style="font-family: "Times New Roman","serif";">MEDITERRANEAN GAS OUTLOOK THREATENED BY ARMED CONFLICT?</span></b></span></span></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The population in the EASTERN MEDITERRANEAN region is expected to increase by as much as 35 percent in the next 20 years. Natural gas deposits in the Levant Basin are expected to keep the energy needs of the growing population satisfied indefinitely. Governments in the region are working quickly to get excess natural gas to the international market.  CYPRUS is already taking preliminary steps to start construction on a liquefied natural gas terminal and energy companies are queuing up in anticipation of an ISRAELI court decision on gas export polices. Ongoing conflict in SYRIA and territorial disputes between ISRAEL and LEBANON, however, may interfere with ambitions for the natural gas deposits in the MEDITERRANEAN SEA.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY2M6SGsvn47WACeHBP-aiwbaFqSMtwkbOquWC9_b_leI1Yo2VVsVmZanmm9pC7kuJTA_lNUV6BWI0L-i0g6x7z-rFqk10s8H3CmZy4kBi6w5Z6ss5fWZbz9Y7u-C8sst-4Qks7r4PN8mv/s1600/The-East-Med-pipeline.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="217" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY2M6SGsvn47WACeHBP-aiwbaFqSMtwkbOquWC9_b_leI1Yo2VVsVmZanmm9pC7kuJTA_lNUV6BWI0L-i0g6x7z-rFqk10s8H3CmZy4kBi6w5Z6ss5fWZbz9Y7u-C8sst-4Qks7r4PN8mv/s320/The-East-Med-pipeline.jpg" width="320" /></a></div><br /><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CYPRUS reported its first offshore natural gas discovery just two years ago and is already laying the groundwork for an export terminal. Construction could start as early as 2015 and LNG exports are planned for 2020. Executives there <a href="http://www.bloomberg.com/news/2013-07-12/cyprus-studies-lng-export-expansion-beyond-12-billion-terminal.html">said</a>they'd likely have to make accommodations for natural gas from ISRAEL and LEBANON in their future export plans. Last year, one of AUSTRALIA'S biggest energy companies, Woodside Petroleum Ltd., <a href="http://www.bloomberg.com/news/2013-08-21/woodside-awaits-israel-court-decision-before-completing-gas-deal.html">said</a>it would fork over more than $2 billion for a stake in the Leviathan natural gas field. The company said this week it was waiting patiently for the ISRAELI courts to make a decision affecting gas export policies.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The U.S. Geological Survey estimated the Levant Basin has probable undiscovered natural gas resources of 122 trillion cubic feet. At current rates of consumption, that may be enough to meet domestic natural gas demand almost indefinitely. Leviathan, the biggest of the Levant fields with 18 trillion cubic feet of estimated recoverable reserves, was discovered three years ago and could start production by 2016. Tamar, with an estimated 10 trillion cubic feet of reserves, <a href="http://www.bloomberg.com/news/2013-03-30/israel-begins-gas-production-at-tamar-field-in-boost-to-economy.html">started</a>production this year, four years after discovery.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">TERRITORIAL DISPUTES BETWEEN ISRAEL AND LEBANON COULD LIMIT THE NATURAL GAS POTENTIAL IN THE REGION</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGg4M00ITpVaxCF67PmWgf8hDZ-lI9lrQrHC38cWe1jTtbOxXxKrYwKUwQ34C76zLSaZ8oL42KjChKJu218Uv0gXlaSJ7fMBVTYdbqT-0zlcCshyphenhyphen-rBw3rYaxv6_tyLZAyrI6ojnPNbh9G/s1600/Lebanon-Israel-Maritime-border-dispute.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGg4M00ITpVaxCF67PmWgf8hDZ-lI9lrQrHC38cWe1jTtbOxXxKrYwKUwQ34C76zLSaZ8oL42KjChKJu218Uv0gXlaSJ7fMBVTYdbqT-0zlcCshyphenhyphen-rBw3rYaxv6_tyLZAyrI6ojnPNbh9G/s1600/Lebanon-Israel-Maritime-border-dispute.gif" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The U.S. Energy Department's Energy Information Administration <a href="http://www.eia.gov/countries/regions-topics.cfm?fips=EM">said</a> nearly all of the "significant" natural gas discoveries of natural gas made in the last 10 years or so are in the Levant Basin. Most of the discoveries were made in ISRAELI waters. LEBANON contends some of the natural gas lies within its territorial waters and two years ago, the ISRAELI military launched drones over its gas fields in the Mediterranean, saying it was fearful of a Hezbollah attack. Hezbollah took its 2006 war with ISRAEL as an sign it could take on its adversaries using conventional military means and, in 2011, Hezbollah <a href="http://www.haaretz.com/news/diplomacy-defense/hezbollah-lebanon-will-not-let-israel-seize-its-natural-gas-1.373201">pledged</a>to use whatever means necessary to defend LEBANON'S national interests.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The EIA said armed conflict and territorial disputes could limit the natural gas potential in the region. In terms of oil, the EIA said SYRIA had the largest reserves as of January. Hezbollah strongholds in southern Beirut were the target of recent bombing campaigns as the Shiite organization faces more threats since acknowledging it was <a href="http://www.nytimes.com/2013/08/17/world/middleeast/hezbollah-makes-vow-to-step-up-sunni-fight.html">fighting </a>alongside pro-government forces in SYRIA.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-element: para-border-div; padding: 1.0pt 4.0pt 1.0pt 4.0pt;"><div class="MsoNormal" style="border: none; line-height: normal; mso-border-alt: solid windowtext .5pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="color: blue; font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Background Information</span></b><span style="color: blue; font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">: </span></div><div class="MsoNormal" style="border: none; line-height: normal; mso-border-alt: solid windowtext .5pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><br /></div><div class="MsoNormal" style="border: none; line-height: normal; mso-border-alt: solid windowtext .5pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif";">SYRIA ALLEGEDLY DISCOVERED LARGE OIL AND NATURAL GAS IN ITS TERRITORIAL WATERS</span></b></span><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";"></span></b></div><div class="MsoNormal" style="border: none; line-height: normal; mso-border-alt: solid windowtext .5pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";"><a href="http://geopoliticsrst.blogspot.co.at/2013/08/syrian-oil-and-gas-findings-propaganda.html">http://geopoliticsrst.blogspot.co.at/2013/08/syrian-oil-and-gas-findings-propaganda.html</a></span></div><div class="MsoNormal" style="border: none; line-height: normal; mso-border-alt: solid windowtext .5pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><br /></div><div class="MsoNormal" style="border: none; line-height: normal; margin-bottom: 5.0pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">IRAN - IRAQ - SYRIA GAS PIPELINE AGREEMENT SIGNED IN JULY 2012 WORTH US$10 BILLION</span></b></span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";"></span></div><div class="MsoNormal" style="border: none; line-height: normal; margin-bottom: 5.0pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><span lang="DE-AT" style="color: blue; font-family: "Times New Roman","serif"; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";"><a href="http://geopoliticsrst.blogspot.co.at/2013/05/pipelineistan.html"><span lang="EN-US" style="mso-ansi-language: EN-US;">http://geopoliticsrst.blogspot.co.at/2013/05/pipelineistan.html</span></a></span></div><div class="MsoNormal" style="border: none; line-height: normal; margin-bottom: 5.0pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><br /></div><div class="MsoNormal" style="border: none; line-height: normal; margin-bottom: 5.0pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"></div><div class="MsoNormal" style="border: none; line-height: normal; margin-bottom: 5.0pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"></div><div class="MsoNormal" style="border: none; line-height: normal; margin-bottom: 5.0pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in;"><span lang="DE-AT" style="color: blue; font-family: "Times New Roman","serif"; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";"></span><span style="color: #cc0000;"><b><span style="font-family: "Times New Roman","serif";">TRANS ARABIAN PIPELINE “TAPLINE</span>”</b></span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";"></span> </div><div class="MsoNormal" style="border: none; line-height: normal; mso-border-alt: solid windowtext .5pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";"><a href="http://news-these-days.blogspot.com.ar/2011/12/syria-cause-and-effect.html">http://news-these-days.blogspot.com.ar/2011/12/syria-cause-and-effect.html</a></span></div><div class="MsoNormal" style="border: none; line-height: normal; mso-border-alt: solid windowtext .5pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0in; text-align: justify;"><br /></div></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">There is no sign the conflict in SYRIA is letting up. The U.N. Security Council <a href="http://abcnews.go.com/US/wireStory/hold-emergency-meeting-syria-attack-20024783">said </a><span style="mso-spacerun: yes;"> </span>it scheduled an emergency meeting to discuss the alleged use of chemical weapons in SYRIA. Pro-Western lawmakers in Beirut, meanwhile, <a href="http://www.dailystar.com.lb/News/Lebanon-News/2013/Aug-21/228089-future-raps-hezbollah-militia-like-measures.ashx">said</a>Hezbollah's security crackdown following last week's bombing was "an aggression against the state." The White House said the use of chemical weapons in SYRIA "crossed clear red lines that have existed within the international community for decades." But that was in June, the last time allegations of chemical weapons surfaced. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The population in the Mediterranean region could reach 62 million by 2030.  While representing less than 1 percent of the total proven oil and natural gas reserves, prolific offshore basins could alter the regional markets substantially. Conflict, however, could inhibit much of the regional development in the short-term. With most signs pointing to an escalation of the crisis in SYRIA, the energy sector won't be the only thing redefined in terms of regional dynamics.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="color: blue; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Comment by Geopolitical Analysis and Monitoring</span></b><span style="color: blue; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">: Worthwhile to mention is that the SYRIAN conflict will most probably continue for some time, similar to the civil war in LEBANON, which lasted 15 years.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-size: x-small;"><span style="font-family: "Times New Roman","serif";">By Daniel J. Graeber via Oilprice.com</span></span></div>

EASTERN MEDITERRANEAN REGION

MEDITERRANEAN GAS OUTLOOK THREATENED BY ARMED CONFLICT? The population in the EASTERN MEDITERRANEAN region is expected to increase by as mu...

EASTERN MEDITERRANEAN REGION

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