Game changer: Russia prepares to develop Gaza gas

‘With everything that’s happening in the world today, from Iraq to Syria to Ukraine, Saudi Arabia and Iran, this has to be the most exciting and volatile period in the history of mankind.

In a significant political and economic development, Palestinian President Mahmoud Abbas met Jan. 23 with Russian President Vladimir Putin. The meeting came as a prerequisite to officially sign an investment agreement aiming to develop the Gaza offshore gas field in the Mediterranean Sea. It is only logical to assume that this step will raise the ire of Israel. The latter does not appreciate the role Russia plays in the region, especially since Israel has never come to an agreement with Russia.

The timeline of when gas was discovered and everything that happened in between is very interesting and well worth examining. But suffice it to say that the amount of gas in question is substantial and will no doubt cause Israel and the US much consternation.’

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