Israel Signs $10 Billion Gas Deal with Jordan, Others to Come

An aeriel view of the Israeli 'Tamar' gas processing rig 24 km off the Israeli southern coast of Ashkelon. Noble Energy and Delek are the main partners in the Tamar gas field, estimated to contain 10 trillion cubic feet of gas. June 23, 2014. (Photo: Moshe Shai/FLASH90)

Israel’s Tamar gas processing rig off the Mediterranean Coast.  (Photo credit: Moshe Shai/FLASH90)

Israel and Jordan have signed a second major deal in which Israel will supply 45 billion cubic meters of natural gas to Jordan.

Following a 2014 deal in which Israel committed to provide Jordan significant supplies of gas from the Tamar gas field, they followed up earlier this week with a second deal, worth $10 billion, for supplies of natural gas from the gigantic Leviathan gas field off the Israeli coast of the Mediterranean Sea.

The deal is not only a huge financial boost to Israel, but it is also a strategic security deal.  The deal is expected to provide stability to Jordan, a relatively friendly neighbor to the east who provides a buffer between Israel and powerful enemies such as Iran.  Former deputy National Security Advisor, Dr. Eran Lerman, said:

“Jordan’s stability and prosperity are very high on the Israeli list of priorities. The stability and safety of our eastern border is a tremendous contribution to Israeli interests and so this is clearly a win-win proposition…. Jordan has been a top priority for exports from day one. This has been a mutually beneficial relationship now for a very long period of time.”

Earlier this year, a regional committee, made up of officials from Israel, Greece and Cyprus, was formed to encourage cooperative agreements in things such as energy,  tourism, technology and research.  Part of that agreement includes the building of a pipeline for gas exports into Cyprus and Greece.  Likewise, officials will pursue deals with Egypt, Turkey and the Palestinian Authority.

If you just read that and thought….”What?  Agreements with Turkey and the PA,” you are not alone!  But understand: though Israel gets a bad rap in the UN and elsewhere, they are historically very willing to work with even their enemies to make their region a better place.  So, yes…they are pursuing a deal with not-so-friendly neighbors!  Our western minds often can’t conceive…but God is in control of all.  We can trust Him with Israel’s best interest, and with ours!

Blessings, friends!

PS: There is a very special post coming on Saturday.  You will want to be a part of a special project!

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