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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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It's important to create a synergy between "mutually stimulating" EU Countries' moves in order to overcome an "Unjust" Crisis "imported from USA", stressed new French Minister for Economic Revival, Patrick Devedjian, in Strasbourg, warning also that, while hoping for a vigorous Obama US Plan, nevertheless, "Time" is of essence for Europe...

In fact, it's EU's own interest to act Fast, before June 2009 EU Election, since, with Lisbon Treaty not ratified yet, it cannot face again the risk of a Majority Abstention, as back in 1999 and 2004, nor another "anti-EU" mood among Citizens, as in the 2005 French and Dutch "No", followed by the 2008 Irish "No", without endangering rare Historic opportunities, currently open for the EU, whose future is at stake.

From Social issues up to High-Tech Scientific Research, concrete action for Economic revival started from Strasbourg and its European dimension, for the new super-Minister Patrick Devedjian, who visited a Popular Social Housing and Infrastructure project at nearby Hagenau village, before meeting new leaders of Strasbourg's unified mega-University in a Scientific Labo at the Campus, close to EU Parliament and CoE headquarters.

Devedjian, who met also with all the spectrum of Local Political  deciders of Alsace region, close to FrancoGerman borders, wants for deeds to meet the words, in real practice, whenever politicians speak about Strasbourg and Europe's development.

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Devedjan to "EuroFora" : "European coordination can act as a multiplicator by mutual stimulations"
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Devedjian was questioned by "Euro-Fora" on his expectations for reciprocal effects of coordinated European plans :

- "We are living in a (European and Global) system where borders are transparent : When we take measures in France, they produce effects also in Germany, in Belgium, Italy, Spain, or other EU countries, and vice-versa. "So, we can have mutually stimulating effects between national revival Plans, if they are somehow coordinated", ..."They can augment each other's effects, acting as multiplicators and levers". "As a State stimulates Local authorities and Private business, similarly, each EU country's economic revival plan may multiply the effects of other EU countries' actions", he told us.

- "F.ex., when I visited Strasbourg University's Scientific labos, they told me that part of the renovation, funded by France, is realized by German companies located only a few Kms away from the border. Thus, the French revival plan benefits also the German economy. And vice-versa : when Germany takes certain measures, they can have beneficial effects also for French companies"

In an era of Globalisation, "nobody can close and isolate himself inside a Fish-Bowl !", he concluded.
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Economy's revival starts from Strasbourg and Europe, for new French Minister Devedjian
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This could be one of the reasons for which the new French Minister for Economic Stimulus chose to make his 1st visit to Strasbourg, the headquarters of European and Paneuropean Institutions, in the Franco-German river borders at the heart of Europe.

- "It was President Sarkozy's idea", he revealed, adding also fresh "support to Strasbourg's European vocation, not only with words, but also with deeds" :F.ex., the completion of a High-Speed Train network, due to stimulate fast links with Germany, Austria, Italy, Hungary and other central EU Countries.

- "This Crisis is Unjust for Europe, because it wasn't its fault". The greatest part of the "Crisis was imported from the USA, where problems are deeper than here'', in the EU. The Crisis "wasn't due to a bad managment by Europe", who was affected by problems which emerged elsewhere. That's why Europe must be united and active enough to face this challenge. said Devedjian, who has just won +5% in popularity...

- "I hope that there will be an "Obama-effect" also on Economy, and that the Plan of the New American President will be substantial enough to face this crisis, which is worse in the USA than in our area", Europe, he added.

"Economic Revival overcomes political divisions : F.ex. Strasbourg's Socialist Mayor "Ries agreed that State actions funded by Public Debt are justified during such exceptional circumstances", noted the Center-Right republican Minister.

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"Zeitnot" for 2009 EU Elections ?

--------------------

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"My problem is Time", stressed Devedjian from the outset, at Strasbourg's University. "I have to engage 75% of funds in 2009, out of a total of 29 Billion euros", he explained later. "Monitoring will be of essence", because we must "avoid bureaucracy or delays. No project should get lost or neglected in complex meanders of adminstrative offices' moving sands", he warned.

- "I must create activities in the middle of the Crisis", he added. Questioned by EuroFora whether he aims to start creating some "hopes before the June 2009 EU Elections", Devedjian, a former leader of the Governing Political Party in France: UMP, did not immediately reply, but revealed, later, that he "hoped to start at least some Projects on May 2009, even if the bulk of Revival Plan's effects are "expected from Autumn 2009".

However, with only 30% of EU Citizens currently aiming to cast a vote at the forthcoming EU Elections on June, (See other NewStory), the  coordinated moves' results are expected to be crucial for Citizens' participation and votes at the forthcoming June 2009 EU Elections throughout all 27 EU Member Countries...Thus, it's vital for all Europe's own Future that coordinated national Economic revival plans start to have concrete results and create hopes for new dynamics before the June 2009 EU Election...

A real challenge, since careful choices are needed : Our aim is to fund projects which "create activities", even "in the middle of the crisis", and have a "lever effect, attracting other investments", Devedjian said. Because the "Stimulus' Plan has 2 aims : A Tactical one : to create New Activities. And a Strategic one : Choose what can become efficient and useful also in the Long-term". 

- "Are you ready ?", he asked Strasbourg University's new President, professor Alain Beretz, with some 700 million euros in his pockets for Education-Research in France. - "We are !", he replied.

- "The Minister's initiative can accelerate funds, and Time is important for us. This concerns the entire renovation of all our buildings", said to "EuroFora" President, Beretz. "I showed some Scientific Research Labos to Mr. Devedjian. But, If we had more time, I could show him also some Education Amphis, whose condition needs to meet Strasbourg's new Mega-University's ambition" to reach the 10 best in the World, as Prime Minister Fillon earlier anounced here.

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(Devedjian kicks off his Economic Revival tour from Strasbourg University, meeting with its new chairman Beretz, at Scientific Institute Le Bel) 

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Regional Prefectures should gather and select projects to be presented for decision before the end of January 2009.

A well-known close friend of President Sarkozy, who succeeded as EU Chairman to launch, in agreement with German chancelor Merkel and even British prime minister Brown, vigorous EU actions against the Financial/Economic Crisis, (starting from the 1st Historic Summit of EuroZone's Heads of State/Government, October 12 at Elysee Palace, followed by Washington G20 Global Summit), Devedjan will have a key role in the realisation of National and EU plans recently agreed in Brussels.

President Sarkozy is expected to arrive himself in Strasbourg, on the occasion of the official inauguration of its brand New Mega-Hospital, on the 9th of January 2009, at the eve of EU Parliament's session here, Elysee confirmed shortly after Devedjian's visit.

EU is due to review its economic revival plans at March 2009 EU Council in Prague, before the April 2 London Global Summit.

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Multi-facet concrete activities at focus : Stimulus Minister Devedjian at the Political, Social and High-Tech fronts in Strasbourg...

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