Friday, July 2, 2010

Energy Hegemony: Israel Eyes Lebanon’s Offshore Gas Reserves

In all regional disputes, big or small, Israel will invariably threaten or implement violence. It is the preferred method of conflict resolution. The recent discovery of natural gas reserves in Lebanese territorial waters, and Israel’s claim to them, is no exception.

It didn’t take long for Israeli infrastructure minister Uzi Landau to raise the prospect of war. That is, if Lebanon attempts to prevent his country from exercising full control over the field despite portions apparently falling within Lebanon’s exclusive economic zone.

“We will not hesitate to use our force and strength to protect not only the rule of law but the international maritime law,” he said. It was an absurd statement, of course, in light of the utter contempt Israel held for maritime law in the attack (in international waters) on the Turkish relief flotilla.

The Tamar natural gas field, 50 miles off Israel’s northern coast, is run by a consortium of American and Israeli companies, including U.S.-based Noble Energy. The latter announced that Tamar may contain up to 8.5 trillion cubic feet of natural gas and a second, Leviathan, 16 trillion. The deposits in these fields, both found in the last 18 months, are more than twice the size of Great Britain’s proven reserves.