Arab Spring Roils Israel's Energy Imports - and Israel
Oil Price
02-Aug-2011 (one comment)

Israel's political relations, always tense, with Egypt, the Palestinian Authority and Lebanon have deteriorated since the Egyptian government of Hosni Mubarak was overthrown in February by a popular uprising.

One of Israel's greatest benefits from the Camp David Accords was its ability to import Egyptian natural gas through Egypt's $500 million East Mediterranean Gas Company Ltd. (EMG) pipeline.

On 30 July Egyptian officials said that militants destroyed the EMG pipeline terminal in al-Shulaq, roughly 10 miles from Egypt's border with the Gaza Strip, the last terminal before the pipeline submerges under the Mediterranean on its way to Israel.

The assault on al-Shulaq is the third attack on the EMG pipeline since the beginning of July and the fifth since the 18-day uprising that toppled Mubarak in February. The 12 July attack halted all further shipments, leaving al-Shulaq empty at the time of the attack. Egyptian authorities have accused an extremist Islamic Bedouin group for the al-Shulaq blast in northern Sinai.
 
The ongoing assaults against the pipeline and the subsequent disruption of natural gas supplies have had an impact in Israel, where Israel Electric Corp. announced recently that as a result of natural gas supply disruptions and the consequent need to transition to using alternative fuels, primarily diesel, to produce electricity, the company needs $876 million – $1 billion in immediate government financial assistance.... >>>

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Pipeline damage to Terrorists: one billion dollars

by IranMilitaryForum.net on

As IRI learders have consistantly been telling us "The Zio-Terrorists are dying fast" 

"All in all it adds up to a grim picture for the government of Israeli Prime Minister Benjamin Netanyahu, which has apparently failed in understanding the implications of the Arab Spring, sweeping across the Middle East from Morocco to Syria since the beginning of the year. The populations of these nations have made efforts to remove their dictatorial leaders and replace them with governments more in tune with the sentiments of their people. "

"If Netanyahu wants to keep the lights on in Tel Aviv, as distressing he may find it, now is the time to show some political leadership and begin to negotiate with his neighbors. On 30 July, 150,000 Israelis took to the streets in 10 cities across Israel to protest the high cost of living in what Israel’s Globes business newspaper called "the mother of all demonstrations," as part of the population’s struggle against the nation’s housing shortages and the burden of indirect taxes. It looks like breezes from the Arab Spring are wafting into Jerusalem, except this time they are wearing yarmulkes. The Israeli Prime Minister ought to listen."



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