(Jerusalem Center for Public Affairs) Ambassador Dore Gold - The war in Ukraine altered gas markets yet again in 2022. The Europeans are being forced to come up with a new strategy to keep the same quantities of gas flowing, albeit from new sources, given the fact that nearly 40% of Europe's gas supply came from Russia. In July, 26 out of 27 EU member states agreed to cut back Russian imports by two-thirds by the end of 2022. In June, the EU signed an MOU with both Israel and Egypt that would increase natural gas exports to Europe. The EastMed pipeline project is planned to go beneath the waters of Israel, Cyprus, and Greece and reach a length of 1,200 miles. Unfortunately, the Biden administration withdrew its support for the EastMed pipeline in January 2022, even though it did not entail U.S. federal funding. The pipeline was supposed to be completed in 2025. The writer, President of the Jerusalem Center for Public Affairs, served as Director-General of the Israel Ministry of Foreign Affairs and as Israel's Ambassador to the UN.
2022-09-15 00:00:00Full ArticleBACK Visit the Daily Alert Archive