Israel faces geopolitical tangle with natural gas

By Tia Goldenberg
Published March 31, 2013 4:00am ET
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Israel faces geopolitical tangle with natural gas
FILE - In this undated file photo made available by Albatross Aerial Perspective shows an aerial the Tamar Lease natural gas rig, located 90 kilometers west of the city of Haifa, northern Israel. Recent discoveries of massive offshore natural gas deposits, set to begin flowing in the coming days, are turning into a mixed blessing for Israel. The deposits are expected to provide Israel enough natural gas for decades and transform the country, famously empty of natural resources, into an energy exporter. Yet selling this gas overseas will require Israel to navigate a geo-political quagmire that risks angering allies and enemies alike.(AP Photo/Albatross Aerial Perspective, File) | Anonymous

JERUSALEM (AP) — Recent discoveries of massive offshore natural gas deposits, set to begin flowing in the coming days, are turning into a mixed blessing for Israel.

The deposits are expected to provide Israel enough natural gas for decades and transform the country, famously empty of natural resources, into an energy exporter. Yet selling this gas overseas will require Israel to navigate a geo-political quagmire that risks angering allies and enemies alike. Amid this uncertainty, Israel still has not formulated an export policy.

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