Following the discovery of huge natural gas reservoirs off the Israeli coast, the former energy-dependent nation is hoping to become a gas producer.
With deposits in Europe dwindling and efforts to reduce reliance on Russia, an untapped gas field off the island of Cyprus has gained attention. But political tension in the region may frustrate the controversial drill.
The German decision to back the construction of a liquefied natural gas terminal comes after the US pressured Europe to buy more of its gas. There is no guarantee a German LNG terminal would exclusively import US gas.
Iran has vowed to skirt US sanctions and keep exporting oil. The US goal of cutting Iranian oil exports to zero is already being rolled back by reality.
As EU energy policy and its wider strategy vis-a-vis Russia come under the spotlight, some smaller EU members are taking energy policy into their own hands. Sofia's aim of buying Israeli gas could be a case in point.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version