Tipping Point Quick Hits (6.23.22)
Israel's natural gas, Iran's nuclear weapon, and a rare planetary alignment
Israel Signs Natural Gas Deal with EU
In a major step to distance Europe from dependence on Russian fossil fuels, this week the EU signed a memorandum of understanding that increases natural gas sales from Israel and Egypt to European Union nations.
Israel will deliver natural gas to Egypt through a pipeline. Egypt will then convert it to liquefied natural gas, which will then be sold on the European market:
“What a special moment,” said European Commission chief Ursula von der Leyen in a joint news conference alongside the Egyptian and Israel energy ministers. “I very warmly welcome the signing of this historic agreement.”
Von der Leyen, who visited Israel earlier this week, said the agreement was part of Europe’s efforts to diversify energy sources away from Russia and import hydrocarbons from “other trustworthy suppliers.” She named Israel and Egypt who have emerged as gas exporters in recent years following major offshore discoveries.
The Jerusalem Post has called Israel’s natural gas supply its “secret weapon” on the global stage. In recent years, Israel has discovered and opened two gas fields containing an estimated 690 billion cubic meters of natural gas combined. Israeli gas is already used to supply energy in Jordan, Syria and Lebanon. As The Jerusalem Post explains, “these countries have no other option but to rely on Israeli gas.”
Now other countries will begin relying on that gas as well:
Under the deal, the EU will help Egypt and Israel increase their gas production and exploration in their territorial waters. It was not immediately clear how much gas the EU will import from either country.
“It is known that the Russian war against Ukraine has exposed our European dependency on Russian fossil fuels and we want to get rid of this dependency,” von der Leyen said later in a joint news conference with Egypt President Abdel Fattah el-Sissi.
Previously, the European Union imported around 40 percent of its gas from Russia, a reliance which has made it difficult for nations like Germany to impose economic sanctions on Russia over its invasion of Ukraine. That dependence should slowly start to decrease—which means money that was once flowing into Russia will begin flowing into Israel.
The Old Testament prophecy about the Gog-Magog War indicates that the armies of the north will invade Israel to “take plunder and to take booty.” Plundering implies the existence of something of great value—some kind of riches—and I always wondered what those riches might be.
It’s becoming clearer now. Billions of dollars that once flowed into Russia because of Europe’s need for natural gas will soon be flowing into Israel. Israel is becoming an energy superpower in direct competition with Russia. The stage is still being set for the Gog-Magog War.
Israel and Iran: “Five Minutes to Armageddon?”
The headline above was used this week in The Hill, a secular media outlet about Washington politics and government issues. When a non-religious newspaper like this one starts using the language of Bible prophecy, we should pay attention. I mentioned this story in yesterday’s Tipping Point Show.