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A quick update for y’all. A lot of natural gas has been discovered under the waters of the Eastern Mediterranean. Just this month, Israel has started production in the fields it claims. These fields should meet 100 percent of the needs of Israel, plus allow for exports. Another fr*cking miracle! Israel has been cooperating with Greece, Cyprus, and Egypt and the plan was to export to Europe via undersea pipeline through waters claimed by Greece south of Crete.
However, there is now a problem. Turkey and Libya have now claimed exclusive use of the sea between Cyprus and Crete. This means that any energy export pipeline from the Middle East, including from the Eastern Mediterranean Sea, will have to pass through Turkey. Turkey will be able to charge any fee, impose any limit, and have the option to turn off the pipeline. This puts them in a powerful position. This new claim by Turkey and Libya is disputed.