Israeli Gas to Be Pumped to Syria and Lebanon through Arab Pipeline to Curb Iran’s Influence

In this Monday, March 29, 2021 file photo, the capital city of Beirut remains in darkness during a power outage as the sun sets, in Lebanon. (AP)
In this Monday, March 29, 2021 file photo, the capital city of Beirut remains in darkness during a power outage as the sun sets, in Lebanon. (AP)
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Israeli Gas to Be Pumped to Syria and Lebanon through Arab Pipeline to Curb Iran’s Influence

In this Monday, March 29, 2021 file photo, the capital city of Beirut remains in darkness during a power outage as the sun sets, in Lebanon. (AP)
In this Monday, March 29, 2021 file photo, the capital city of Beirut remains in darkness during a power outage as the sun sets, in Lebanon. (AP)

The gas that will be pumped to Lebanon through the Arab pipeline, which stretches from Egypt, Jordan and Syria, is mostly Israeli. The electricity that will be sent to Lebanon through Syria and Jordan is also mostly Israeli, in line with an agreement that was drafted years ago by senior US diplomat Amos Hochstein.

Just days ago, Hochstein himself sponsored border negotiations between Lebanon and Israel. He informed Beirut that the Arab Gas Pipeline will be exempted from the Caesar Act sanctions imposed by Washington on Syria. The US official was also behind a Jordanian-Israeli deal in 2014 that sought to promote an “axis of moderation in the Middle East between moderate Arab countries and Israel.”

Beyond the technical and economic aspects of the new gas deal, several signs indicate that it is ultimately aimed at confronting Iran’s influence in Lebanon and Syria. The greatest evidence of this is that the deal was announced just days within Tehran’s announcement that it was sending oil derivatives to Lebanon through Syria. Beyond the region, Moscow and Washington are also seeing eye-to-eye on this issue despite their varying motives and goals.

A western official quoted a senior Russian official as saying that Israel was the one who encouraged Russia and the US to force the return of the Damascus regime to southern Syria and agree to delivering energy to Lebanon. Israel believes that such a move will help confront Iran’s influence in Lebanon and Syria, said the Russian official. Furthermore, CIA chief William Burns, who had toured the region in recent months, was also involved in the gas deal, which was also backed by National Security Council Coordinator for the Middle East and North Africa Brett McGurk.

Drafting the deal demanded extensive efforts and coordination: Establishing security in southern Syria where the gas and energy networks will pass through. Indeed, Russia led “settlements” in recent months that have seen the return of government forces along the border with Jordan. The opposition was forced out of the area, mines are being removed and Amman has since improved its relations with Damascus, with Jordan’s King Abdullah and Syrian President Bashar Assad holding a telephone conversation early in October. Moreover, the Amman-Damascus highway was reopened and discussions have been held over border security and providing incentives to Damascus.

Ministerial meetings between Lebanon, Egypt, Jordan and Syria have also been held to overcome obstacles in the operation of the gas pipeline and energy network. Also part of the deal is Washington’s pledge to Moscow that the World Bank will fund the project through assistance to Lebanon’s Electricite du Liban (EDL).

Notably, US Ambassador to Lebanon Dorothy Shea informed Lebanese President Michel Aoun that Washington had agreed to the proposal after holding telephone talks with the Egyptian and Israeli energy ministers. Those talks focused on “future plan to deliver Israeli gas for liquification in Egyptian plants before their export.” Israeli sources said the plan called for “delivering the Israeli gas through natural gas plants in Egypt ahead of their export to a third country.”

Egyptian and Israeli companies have struck several agreements over the years. In 2018, they agreed to the delivery of 64 billion cubic meters of Israeli gas from the Tamar and Leviathan Mediterranean fields to Egypt. The deal is valid for ten years and was worth 15 billion dollars. After Egypt declared self-sufficiency in gas production, it announced that the import of Israeli gas transforms it into a regional energy hub.

On the Jordanian front, Hochstein had kicked off negotiations over an electricity deal between Amman and Tel Aviv in 2012. Years later, Jordan’s National Electric Power Company reached an agreement with the American company representing the Leviathan field over the delivery of 45 cubic meters of gas for electricity production.

Washington’s interest in this project was piqued in order to provide political cover for the gas and electricity projects for Lebanon. American officials informed their Arab counterparts that the projects will be exempt from the Caesar Act that came into effect in mid-2020. Beirut, Cairo and Amman still demanded written guarantees and Hochstein informed the Lebanese officials of the exemptions.

In spite of the technical and political challenges, such as fixing the actual pipeline, removing mines and protecting the border, Washington has sought to remove legal obstacles and Moscow has sought to remove the military ones all for mainly political purposes, as opposed to economic ones.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.