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Home arrow newsitems arrow French Economy Minister Macron to EuroFora: Egypt-Israel-Cyprus' Gas + East-MED Pipeline= Big Chance

French Economy Minister Macron to EuroFora: Egypt-Israel-Cyprus' Gas + East-MED Pipeline= Big Chance

Written by ACM
Friday, 04 September 2015
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*Strasbourg/Palace of Congres+Music (PMC)/Angelo Marcopolo/- After the Latest Giant Gas Field Findings by Italian ENI at Egypt's Sea area, near Cyprus' and Israel's own recent Discoveries and searches, the Project of East-MED Pipeline able to Transport those New Energy Resources Directly towards the entire EU, appears as a "Big Chance" for "all" Countries involved and EU's Energy Supplies, stressed in substance the French Economy Minister Emmanuel Macron, in reply to relevant Questions raised by "EuroFora", at the conclusion of a Press Point with Strasbourg's Journalists on the occasion of the Inauguration of 2015 EuroFair earlier Today.

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    Egypt's, Israel's and EU Member Cyprus' recently emeging Energy Gas Findings, at South-Eastern Mediterranean Sea, as Close to Europe and able to be Grouped for Direct Transport to EU Countries, could obviously Help Boost much needed  Economic Growth, if the EU seized that Opportunity Fast enough, i.e. with the "Agility" of  which spoke earlier Today  Macron, (See Infra).

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    + Topically, this was said in an Exceptionaly Important, Relevant Context : I.e. At the Eve of Macron's Visits to Italy and Israel, from Tomorrow Saturday until Tuesday (6 - 9 September 2015), where he is due to meet Italian Prime Minister Matteo Renzi, from the Neighbouring Big EU Country whose Oil/Gas Company "ENI" has anounced the Discovery of a "Giant" Gas Field in Egypt's Territorial Waters last Sunday (30 August 2015), as well as German Chancelor Angie Merkel's Economic Adviser Lars-Henrik Röller, etc., followed by Palestinian Authority President Mahmoud Abbas and Israeli Ministers of Economy and Energy , Arye Deri and Yuval Steinitz, respectively, but alo an important Israeli Investor, with big Experience in Oil/Gas/Electric Energy matters, included in Peace Negotiations with Neighouring Arab Countries, Yossi Vardi, (See Infra).

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    - "You are absolutely Right !", Emmanuel Macron positively responded from the outset to "EuroFora"s initial mention of the Fact that the recent Gas "Energy" Findings in Egypt, Israel and Cyprus could Benefit "the Economy and the Industry" of both the immediately concerned Countries, as well as of France and all the European Union.

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    Even more Interesting appeared the French Economy Minister's subsequent Statement in Reply to follow-up Question by "EuroFora", specifically Focusing also on the "East-MED" Gas Pipeline project, whose Study was recently funded by EU Commission, in order to bring the South-Eastern areas New Energy Findings directly into the EU :


    -  "I think that it's a Great Opportunity !", Macron sharply observed in this point, which concerns even more directly France, whose TOTAL Oil/Gas Company has a Bloc in Cyprus' EEZ exactly adjacent to that of Italian ENI, who has just Discouvzered a Giant Gas Field at Neighbouring Egypt.


    - And that goes "For All" Countries involved, (i.e. Egypt, Israel and Cyprus, as Future Profucers, added particularly to Italy but also Greece, as main Pipeline Transit EU Member Countries, etc, as well as most probably France (Comp. Supra, and naturally Germany (as main Industrial European Country), and the rest of EU), he pointed out in Addition.

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    - Indeed, "Today, I am present, here, at Strasbourg's EuroFair, for the Economy and Growth : We must all become Sentinels of Growth", he also stressed at this occasion, (while Energy findings are naturaly one of the Key Factors able to Boost Growth).


    + For that purpose, "We (France and all the EU) must be Quick and Ready to Seize New Opportunities", Macron underlined a few minutes earlier in Strasbourg, speaking, as a matter of General Principle, Just a Few Days after Italian Company "ENI" anounced, last Sunday, August 30, that it had succeeed to find a "Giant" Gas Field in Egypt, which could become one of the Biggest in the World.


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    => Significantly, it's later this Afternoon, a few Hours after his brief but Topical and Substantial exchange with "EuroFora" around Noon, that the French Economy Minister's Office has just Anounced that, right in the Middle of his forthcoming 3 Days Visit to Israel and the Palestinian Territories, he scheduled to have a Long Meeting with the Israeli Minister for Energy and Infrastructures, Yuval Steinitz, during almost 1 Hour, in Jerusalem, on Monday afternoon.


    Meanwhile, immediately after the Official Announcement by ENI of its latest Discoevry of a "Giant" Gas Field in Egypt's Deep Sea, last Sunday, August 30, Macron visited Germany for coordination, and afterwards met with Israel's Ambassador to Paris, on Monday, August 31.


    + Today, his Office also anounced that he will meet and participate in collective events organized on Tuesday, September 9,  together with experienced Israeli High-Tech, Web and Energy Investor Yossi Vardi, who is Now Co-Chair of the Israel - EU Strategic Business Dialogue, won the "Innovation Leadership" Medal awarded by the European Alliance for Innovation, worked as former 1st Director General at the Ministry of Energy, Board Member of Israel's Electric Corporation, Chairman of Oil Explorations Concessions Council and of the National Oil Company, Board Member of Oil Refineries Ltd,  co-Founder of Alon Oil, (etc), and reportedly Headed Economic Negotiations with Jordan, served on Israel - Syria Talks, helped Discover Oil Fields in the Gulf of Suez, advised the World Bank and the U.N. Development Program on Energy and Development,  and led Negotiations on the Oil part in the Peace Agreement with Egypt.


    Prime Minister Benjamin Netanuahu had already proposed a Pioneer Idea for a possible Transport of Energy from Israel and EU Member Cyprus to the rest of Europe by Transforming Gas Findings into Electricity, transmissible via an UnderSea Cable, during an Official Visit at Nicosia, as early as since 2011.


    On 2014, a First TriPartite Summit between Egypt, Greece and Cyprus, focusing on Energy Findings and Transport, as well as Security, etc. was organized in Cairo, bringing Together the Egyptian President Abdel Al-Sissi, (f) Greek Prime Minister Antonis Samaras, and Cyprus' President Nicos Anastassiades, who adopted and Signed a Joint Strategy Plan. A similar move is being planned, in parallel, between those 3 Countries also with Israel.

 

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    Italian ENI's latest Gas Findings in Egypt's EEZ, as anounced last Sunday (Comp. Supra), point at a "Giant" Field, the Biggest in the Mediterranean Sea, and one of the Biggest in the World, nick-named "Zohr", which could hold up to 30 Trillion Cybic Feet of Gas. Added to Israel's earlier "Leviathan" and "Tamar" OffShore Gas Fields, (22 + 10 Tcf, respectively), as well as to Cyprus' previous Finding, at the"Aphrodite" Field, of an estimated 4,5 Tcf of Gas, the current overall Off Shore Potential of the 3 Neighbouring Countries reached, this Week, More than 66,5 TcF in Total !


    + And that's Not all : ENI's latset, "Giant" Discovery in Egypt's "Zohr" Field lays at the "Shorouk" Exploration Block, which is Strikingly Near (in fact almost Entirely Adjacent !) to Cyprus' own Block "No 11", interestingly located Between the Egyptian and Israeli Big "Zohr" and "Leviathan" Gas Findings, as well as close to Cyprus' earlier "Aphrodite" Gas Finding, (See relevant MAPs).... In consequence, it clearly seems now as Highly Probable, if not apparently certain, that Cyprus' Exploration "Block No 11", located Right in the Middle, Between the Egyptian and Israeli Mega-Findings, should also have some very Interesting Gas resources' Findings to make soon...

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    Indeed, a strange Suspence concerning that "Block 11" at Cyprus' EEZ (the Closer to Egypt's latest Gas Findings) must now come to an End : It's the French Company "TOTAL" which has got the Exploration Rights in that Block, shortly after "EuroFora"s co-Founder had Spoken about France's possible presence in the emerging South-Eastern Mediterranean Sea Gas Hub Findings with its f. CEO, the experienced Christophe de Margerie, as early as on January 2011, during a Reception at the French Presidential Palace "Elysée" in Paris, with Margerie himself, who had responded to our question Positively, anouncing that he "Knew" that "Gas Findings" were emerging in Cyprus' EEZ, and, therefiore, "France will be present" there, (See : http://www.eurofora.net/newsflashes/news/killedmargeriekeyforrussiaandcyprusenergy.html). Something which started to become reality, in practice, shortly afterwards, TOTAL getting a Licence from the Cypriot Government, Beginning Explorations and making some Preliminary Findings.

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    But, suddenly, less than 1 Year ago, on October 2014, Margerie was ... Brutally Killed, at an Unprecedented and not yet fully Elucidated Air Crash, when his Private Jet's take off, at a Moscow Airport in Russia, was curiously Obstructed by a Maintenance Truck, resulting in a Violent Breakdown and Explosion, which left all Passengers, Pilote included, atrocioudly Dead, in a Strange Violent Incident, on which, Russian and French Investigations are reportedly still Pending, (despite the Arrest of some subalterne agents and the Firing of that Airport's Manager by the Russian Authorities, shocked by such a Drama, shortly after a meeting of Prime Minister Medvedev with Margerie, who was traditionaly a Strong Supporter of Franco-Russian Economic Cooperation, despite the controversial "Sanctions" imposed in the Exceptional Context of the Political Crisis in Ukraine).


    Astonishingly, shortly after Margerie's Killing, the New TOTAL's CEO has anounced that it would "Suspend" its Exploration at Cyprus' Block 11, despite some Initial Gas Findings, that it estimated as Economicaly "Insufficient", at least for the Time being, and taking into account the Oil Prices at that moment, (which were then Lower than Now). Even more Curiously, TOTAL reportedly asked, nevertheless, to examine the possibility to take also another Exclusive Licence for Gas Exploration also of anOther Block in Cyprus' EEZ, over the SeaMount "Eratosthenes"...


    + Moreover, Today, the recent Gas Findings at Israel and Egypt's EEZ ("Leviathan" and "Zhor", respectively), in Blocks which practicaly "Surround" the above mentioned Cyprus EEZ's Block 11 (Comp. Supra), in addition to the pre-existent Cyprus "Aphrodite" initial Gasz Finding, which is also adjacent to that Same Area, should naturaly Re-Launch Now the Interest for a full and comprehensive Exploration of French TOTAL's Block 11 are, (given also the Additional Fact that even the Guiding Oil Prices have, meanwhile, notoriously Risen at Levels which are notably Superior to what they were Last Year : Comp. Supra). The Contrary would be obviously very Suprising, in Today's Context.


    ++ Additionaly, the Fact that most Companies active in that Areas are almost the Same, (f.ex. USA's "Noble Energy" for Cyprus' "Aphrodite" Gas Findings and Israel's "Leviathan" Gas Field, or Italy's "ENI", present both in Egypt, at "Shorouk"'s latest Giant Gas Finding, and in Cyprus, f.ex. at Block 9), naturaly Faciltates things for a possible Joint Operation on the Strategic issue of the Choice of the way(s) to Transport their Gas Findings Directly into Europe.


    +++ Even the Precise Location of ENI's latest "Giant" Gas Finding in Egypt is Helpful for that purpose, since the "Zohr" Field stands Far Away from the Egyptian Coast (+ 200 Km !), but almost at the Same Area as  Cyprus' "Aphrodite" and Israel's "Leviathan" Gas Fields.

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    => Thus, just a Month ago, on July 2015, EU Commission anounced its Decision to Fund a Study on the proposed "East-MED" Pipeline project, which offers to Join Together, at an OffShore Gas Liquification Platform, (close to EU Member Cyprus's "Aphrodite" initial Findings), in order to  Transport all the 3 Countries' Future surplus Gas Energy Production Directly towards Europe, through EU Members Greece and Italy, etc (See relevant MAPs).


    Now, with Total Gas Findings in that area already Culminating at above 66,5 Trillion Cubic feets, and probably reaching soon at more than 70 Tfc, (Comp. Supra), while, in parallel, the Economic Climate seems reportedly much Better Today than 1 Year before, (as French Economy Minister Macron observed earlier in Strasbourg), obviously, the Natural Move in order to Help Boost  Growth in the EU is to Timely Seize that Opportunity and Start Building Fast the proposed East-MED Strategic Pipeline, currently the only able to Transport New Energy Supplies DIRECTLY towards Europe, without obliging at all to, previously, Transit through any Other, Foreign Third Country, i.e. Avoiding, ipso facto, the Otherwise Inevitable Risks of Conflicts, (as, f.ex. through Turkey, with the ISIL and/or Kurdish Conflicts, in addition to Seismic Risks, or, at a lesser level, via Ukraine, as long as the Eastern "Autonomist" Regions' Conflict with Kiev has not yet reached a Final Agreed Solution, etc).

 

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    Naturally, the emerging South-Eastern Gas Rasources could also Start to be Produced and Transported Directly to the European Continent, in various Other Ways, (as some MAPs with Diferend Timelines, clearly show), even Before the possible construction of an East-MED Pipeline, simply by adequate merchant Ships, that f.ex. EU Members Cyprus and Greece notoriously have a lot, while both France and Italy, but also Spain, etc., already dispose of several Big Mediterranean Infrastructures with Gas Deliquification equipments, etc.

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    For all those reasons, French Economy Minister Emmanuel Macron's current Visits to Italy and Israel seem, indeed, Timely, particularly in order to Help boost Growth through better and New Energy Supplies in the foreseable Future, if such rare

(../..)

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(NDLR : Fast Translation from the Original in French. + "DraftNews", as already send to "EuroFora"s Subscribers/Donors, earlier. A more accurate, full Final Version, might be published asap).

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(Opinion).

 In Democracy, the forthcoming choices for EU's Top Jobs, as the New EU Parliament's President, new EU Commission's President (+ probably EU Council's President, EU Foreign Minister, etc) should be made according to EU Citizens' Votes in June 7, 2009 European Elections, and main EU Governments' strategic policies.

At the heart of the biggest EU Countries, in France and Germany, EU Citizens clearly voted for a renovated, non-technocratic but Political Europe based on Values, declared explicitly incompatible with Turkey's controversial EU bid.

This main choice was also supported in several other small or medium EU Countries, such as Austria (cf. promise of a Referendum), Spain (cf. EPP program's reservations vis a vis Enlargment), etc., while EPP Parties won also in Poland, Hungary, Cyprus, etc.

In other Countries, whenever Governing coalitions didn't make these choices or eluded them, continuing to let a Turkish lobby push for its entry into the EU, they paid a high price, and risked to damage Europe, by obliging EU Citizens to massively vote for euro-Sceptics whenever they were the only ones to offer a possibility to promise  real change and oppose Turkey's demand to enter into the EU :

It's for this obvious reason that British UKIP (IndDem) succeeded now (after many statements against Turkey's EU bid) to become Great Britain's 2nd Party, unexpectedly growing bigger even than the Governing Labour Party, as well as the Liberal party  ! Facts prove that it's not an isolated phenomenon : A similar development occured in the Netherlands, where Geert Wilders "Party for Freedom" (PVV) became also the 2nd biggest in the country, (after EPP), boosting the chances of a politician who had withdrawn in 2004 from an older party "because he didn't agree with their position on Turkey". And in several other EU Member Countries, even previously small parties which now focused on a struggle against Turkey's controversial demand to enter in the EU, won much more or even doubled the number of their MEPs (fex. Bulgaria, Hungary, Greece, etc).

On the contrary, whenever Socialist and oher parties were explicitly or implicitly for Turkey's controversial EU bid, they obviously lost Citizens' votes and fell down to an unprecedented low.

In consequence, EU Citizens clearly revealed their main political choices, in one way or another : They voted to change for less Bureaucracy, but more Politics and Values in a Europe really open to EU Citizens, but without Turkey's controversial EU bid.

Recent political developments are obviously different from the old political landscape which existed in the Past of 1999-2004, when Socialists based on Turkish 1% vote governed undisputed not only in Germany, but also in the UK, Greece and elsewhere, France followed old policies decided when it had been divided by "cohabitation", before the 3 "NO" to EU  Referenda since May 2005, before Merkel, before Sarkozy, etc.... before the surprises of 7 June 2009 new EU Elections.

If the current candidates to the Top EU jobs promise and guarantee to respect People's democratic choices, OK.

Otherwise, Europe must find new candidates, really motivated and able to implement these democratic choices of the People.

The beginning of crucial, final Decisions are scheduled for the 1st EU Parliament's plenary session in Strasbourg, in the middle of July, and they could be completed towards the October session, when Lisbon Treaty's fate will have been fixed.


See relevant Facts also at : http://www.eurofora.net/newsflashes/news/2009electionsandturkey.html
http://www.eurofora.net/newsflashes/news/daulelections.html
http://www.eurofora.net/brief/brief/euroelectionresult.html

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