What’s in a bill

Posted by Antonis D. Papagiannidis 23/12/2019 2 Comment(s) Economia Blog,

The U.S. Defense Appropriations Bill signed into law by President Trump – notwithstanding his objections to parts of it – contains provisions to enhance “security and energy cooperation with countries in the Eastern Mediterranean”, including Israel, Cyprus and Greece. Lifting the arms embargo to Cyprus and prohibiting F-35 fighters transfer to Turkey are quite important parts of the bill, but one would be well advised to dwell more on the provisions pushing forward the implementation of the (earlier) EastMed Act.


On the other hand, the looming enactment of the National Defense Authorisation Act calling for sanctions within 60 days on any companies involved on the Nord Stream -2 Gazprom project to double the Russian natural gas supplies to Germany/Central Europe (Austrian OMV, Royal Dutch Shell, French Engie, German Wintershall are also involved in the project), has been causing expanding ripples. According to Reuters, Swiss-Dutch sub sec construction expert Allseas is to suspend work on the pipeline.


The EastMed gas pipeline project is in no way comparable to Nord Stream-2. The latter, at some 11bn euros sunk cost, is purported to double the flow of Russian natural gas to Europe; it is quite advanced, since it should be finished and operating within the first months of 2020, with both Russian supply and European demand secured. The EastMed project, which faces a similar cost but at largely less-explored sea-bed configuration of the Eastern Mediterranean (compared to the Baltic Sea), would have to first get hold of sufficient gas supplies: Israeli and Cypriot gas finds are still inadequate to make the project economically viable, however strategically important it is considered to wean Europe from Russian natural gas dependence. But the major issue raised by the EastMed pipeline is now clearly geopolitical: it is called to cross the EEZs agreed upon by Turkey and Libya South of Rhodes/SouthEast of Crete. The agreement-in-principle between Israel-Cyprus-Greece-Italy to proceed, whatever the (real , technical and financial) constraints, will be an important piece to the regional geo-political chessboard – especially so if the US join in a perceptible way.


Meanwhile, since we talk of natural gas in the Mediterranean area, it should be noted that the Gastrade-led FSRU at Alexandroupolis has just completed successfully its market-test phase (demand has been at 1.5 times capacity), while some days of extension may be granted due to last-minute demand on part of energy majors. The consortium of the project involves Gastrade (of the Kopelouzos Group, active in Greece with Prometheus Gas based on Russian natural gas), Gaslog (of leading shipping figure Peter Livanos), the Greek and Bulgarian gas companies (DEPA and BEH, participation to be finalized) plus one further energy investor, thought to be transatlantic. The Alexandroupolis FSRU is of major importance for the diversification of gas supply to S.E. Europe overall; it is designed to work in a way complementary to Revithousa NLG storage/regasification facility in the Athens region, as well as to Azeri gas to be carried through the TAP pipeline.


All of these projects have been called, at times, star-gazing exercises; they may be on their way to bridge the geo-political with geo-economic considerations. Take a closer look at the Cavusoglu interview at “TO VIMA” newspaper…

2 Comment(s)

Dr ikhide:
02/01/2020, 10:25:13 AM

I contacted Dr Ikhide via his E-mail ikhidespecial@gmail.com Its a miracle that I am alive today. I encounter HERPES SIMPLEX VIRUS (HSV1/2) for good four (4) years, six (6) months and twelve (12) day with my calculations, before I meet the great Dr Ikhide I am  from Fresno California, united state of America and I was affected with herpes virus. Herpes is a viral infection cause by the Herpes simplex virus, marked by painful, watery blister in the skin or mucous membrane or on the genitals. This was what I suffered for good four years. I have visited CVS Pharmacy in Fresno for treatment but no improvement. I meet Dr Ikhide online while I was searching for herpes cure I read a testimony about his work. I give a try that now becomes a testimony in my life. I contacted Dr Ikhide via his E-mail ikhidespecial@gmail.com and he did not responds to me in time and I went back to the same testimony for his mobile number and I called him immediately  +1(267)527-9481  And he respond to my call. He welcome me as a daughter and I explain my four years situation to him and he said is done just as I have contacted him and I believed in him. Dr Ikhide sends me some herbal medication for herpes cure and he gave me instruction on what to do and I obeyed his instruction. Changes started after three days of applying the herbal medication. I went to the same CVS Pharmacy in Fresno for test and i was herpes negative. I do not know how to thanks Dr Ikhide for saving my life. To God be the Glory, I am living healthy with my family today.Indeed, Dr Ikhide is a great man WhatsApp him now +1(267)527-9481 God bless Dr Ikhide for his good work...   

Linda Mark:
10/01/2020, 12:32:06 PM

HOW I GOT MY LOAN FROM THIS GREAT COMPANY Hello my dear people, I am Linda McDonald, currently living in Austin Texas, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in April 2018 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self-money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. David Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I will advise you to contact Mr. David if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… (davidwilsonloancompany4@gmail.com) No credit check, no cosigner with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Mr. David Wilson today for your loan They offer all kind of categories of loan they Short term loan (5_10years) Long term loan (20_40) Media term loan (10_20) They offer loan like Home loan............., Business loan........ Debt loan....... Student loan.........., Business startup loan Business loan......., Company loan.............. etc Email..........( davidwilsonloancompany4@gmail.com) When it comes to financial crisis and loan then David Wilson loan financial is the place to go please just tell him I Mrs. Linda McDonald direct you Good Luck.......................

Leave a Comment