Energy crisis: A new dynamic in the Middle East

Energy crisis: A new dynamic in the Middle East

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    Historic agreements were reached between Israel and the Arab world. 
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    Though the war strikes again in Europe and plunged the world into an unprecedented energy crisis, the Middle East has recently experienced changes which had significant impacts on the people of the Middle East. This new dynamic could well help us facing the worldwide crisis and the energy challenges.

     

    Historic agreements were reached between Israel and the Arab world. The Abraham Accords clearly demonstrates that when Israel's neighbors are willing to enter a dynamic of cooperation with Israel in a genuine, pragmatic, and peaceful manner, solutions can be found that are mutually beneficial.

     

    The visit of the President of the EU’s commission to Israel and Egypt in June 2022 is another example of a new cooperation framework. Due to the energy crisis, Europe had to turn to new suppliers in the field of energy and this led to a trilateral deal between Israel, the EU and Egypt, whereby Israel will export natural gas to the EU via Egypt.

     

    The Maritime Agreement between Israel and Lebanon, which has been signed at the end of October, produced a binding and internationally-recognized agreement that formally ends a protracted maritime dispute in the eastern Mediterranean. Importantly, it delimits the maritime boundary between Israel and Lebanon from the five-kilometer mark to the far edge of the exclusive economic zone. The maritime agreement also functions as the first de-facto recognition of Israel by Lebanon, which has a long-standing policy of animosity towards its southern neighbor. This mutual recognition between the two enemy states offers another example of the changing Middle East.: Finally, this agreement will also contribute to the stability of Lebanon as it will allow the country to explore gas fields and hence increase its incomes.

     

    In parallel, the exploitation of the Karish gas field by Israel will reinforce Israel’s status as a strategic partner for reducing the EU’s dependence on Russian gas. In a changing Middle East, Israel can and is willing to contribute to the EU’s energy sovereignty by supplying natural gas through disruptive multilateral agreements.