Greece, Israel, Cyprus eye gas export — Israel seeks Cyprus base to guard gas zone

The Associated Press, Wednesday, Mar. 28, 2012

GASSING UP: Energy Ministers from Greece, Israel and Cyprus promised Wednesday to increase cooperation to exploit natural gas deposits in the Mediterranean, but warned that large-scale exports could take a decade.

GREECE ROLE: Greece, whose economy has been ravaged by a financial crisis, hopes to eventually start its own gas production and act as a transit point for supplies from Israel and Cyprus.

U.S. ON BOARD: The U.S. welcomed Mediterranean gas finds as a source of diversified energy supply for Europe, a senior U.S. envoy said, urging countries in the region to set aside their long-standing rivalries and do business.

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[Frontlines note:  For more background, see this February news report on plans for an Israeli military base on Cyprus.]

Israel seeks Cyprus base to guard gas zone — Israel is reported to be seeking to deploy fighter aircraft in Cyprus, its partner in developing a natural gas bonanza under the eastern Mediterranean, to protect these vital energy resources. Continue reading