Israel-Hamas Conflict Threatens EU Energy Security

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The news of a major LNG exporter in the Mediterranean Basin turning into an importer would be sufficient to spark fears in a market that is already coping with many demand constraints

The ongoing conflict between Israel and Hamas, killing hundreds of civilians a day and threatening critical infrastructures of all sorts in the vicinity of the Gaza Strip, has reached a new turn, with the full encirclement of Gaza City by Israel’s army. Yet, the implications of this asymmetric war are largely misunderstood.

' By all means, the Israel-Egypt energy entente is also the least common denominator for the success of the trilateral MoU signed between the EU and the two to increase regional cooperation and boost exports to European countries, aiming to diversify away from Russia. Cairo has grown increasingly dependent on Israel’s gas to feed its energy system, especially during peak load periods.

 

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Hamas-Israel War Threatens Major Regional Energy ProjectsExperts are warning that there could be 'a severe degradation of the investment climate' as well as serious energy flow disruptions if war breaks out along Israel's northern border with Lebanon and Iran becomes involved
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