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(Commentator) Peter C. Glover and Michael J. Economides - Moscow is quietly buying long-term into the Israeli-Cypriot gas and oil energy bonanza. This represents an effective selling out of Russia's backing for both Iran and Syria. Only too aware of the threat of east Mediterranean supply if Europe is able to diversify away from Russian gas dependency, Moscow has been steadily feting Israel to buy into a piece of the action. On Feb. 26, Russia's Gazprom clinched a key deal to market Israeli liquefied natural gas (LNG) from the Tamar offshore field for 20 years. But the Tamar deal is just for starters. Gazprom is already eyeing a role in the development of Israel's gigantic Leviathan gas field. 2013-03-28 00:00:00Full Article
Russia's New Middle East Energy Game
(Commentator) Peter C. Glover and Michael J. Economides - Moscow is quietly buying long-term into the Israeli-Cypriot gas and oil energy bonanza. This represents an effective selling out of Russia's backing for both Iran and Syria. Only too aware of the threat of east Mediterranean supply if Europe is able to diversify away from Russian gas dependency, Moscow has been steadily feting Israel to buy into a piece of the action. On Feb. 26, Russia's Gazprom clinched a key deal to market Israeli liquefied natural gas (LNG) from the Tamar offshore field for 20 years. But the Tamar deal is just for starters. Gazprom is already eyeing a role in the development of Israel's gigantic Leviathan gas field. 2013-03-28 00:00:00Full Article
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