Israel, Iran exchange airstrikes in unprecedented escalation, sparking fears of regional war    Rock Developments to launch new 17-feddan residential project in New Heliopolis    Madinet Masr, Waheej sign MoU to drive strategic expansion in Saudi Arabia    EHA, Konecta explore strategic partnership in digital transformation, smart healthcare    Egyptian ministers highlight youth role in shaping health policy at Senate simulation meeting    Egypt signs $1.6bn in energy deals with private sector, partners    Pakistani, Turkish leaders condemn Israeli strikes, call for UN action    Egypt to offer 1st airport for private management by end of '25 – PM    Egypt's President stresses need to halt military actions in call with Cypriot counterpart    Scatec signs power purchase deal for 900 MW wind project in Egypt's Ras Shukeir    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    EGX starts Sunday trade in negative territory    Environment Minister chairs closing session on Mediterranean Sea protection at UN Ocean Conference    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt slams Israeli strike on Iran, warns of regional chaos    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    US Senate clears over $3b in arms sales to Qatar, UAE    Egypt discusses urgent population, development plan with WB    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Cyprus and Egypt Freeze out Turkey in Possible Gas Deal
Published in Amwal Al Ghad on 26 - 11 - 2014

Egypt and Cyprus are deepening energy co-operation, as an apparent anti-Turkey bloc emerges in the Eastern Mediterranean – potentially undermining US hopes that the area's gas finds could reduce regional tensions.
At a tripartite Egyptian-Cypriot-Greek meeting in Nicosia on Tuesday, Sherif Ismail, Egypt's petroleum minister, said Cairo would speed up talks to pipe Cypriot gas for domestic needs and possible re-export.
The use of the gas is a point of heated dispute between Cyprus and Ankara. "They should know that if they try to search for oil, natural gas, south of Cyprus we will not allow this," Ahmet Davutoglu, Turkish prime minister, said on Tuesday. "The Mediterranean is also our sea – if necessary, we too will drill."
But the ministers' meeting in Nicosia was only the latest such gathering at a time when Turkey's relations with many of its neighbours have deteriorated.
Abdel Fattah al-Sisi, Egypt's president, held a summit with Nicos Anastasiades, the Cypriot president, and Antonis Samaras, Greece's prime minister, in Cairo earlier this month. Cyprus and Egypt have both also strengthened ties with Israel, whose own relations with Turkey have become increasingly frayed as Ankara has increasingly championed the causes of the Muslim Brotherhood and Hamas.
"This is an indication of how weakened Turkey's ability is to form alliances in the region," said Sinan Ulgen at Carnegie Europe, who added that Ankara's ties with Islamist movements are seen as a threat to the status quo in several countries. "There is certainly an element of an anti-Turkey coalition forming here, although I see it as fragile and ineffective."
Relations between Cairo and Ankara have deteriorated sharply since the Egyptian military ousted the elected Islamist government last year. Cairo said recently that it would not renew a 2012 three-year transit trade agreement with Turkey that provided an alternative to routes through war-torn Syria.
Meanwhile, Israel has drawn closer to Egypt, while its own relations with Turkey have grown increasingly bitter despite a bid to restore full diplomatic ties last year.
Cyprus denies seeking to establish an anti-Turkey coalition, but tensions between it and Ankara have risen noticeably in recent weeks because of the gas dispute.
Turkey last month dispatched an exploration vessel of its own to the waters off southern Cyprus – with a military escort – causing Cyprus to break off talks on the unification of the island.
"It's an incursion, totally illegal . . . done through the use of force against a republic that's not in any position to respond," Ioannis Kasoulides, Cyprus's foreign minister, said at the time.
Ankara, which has no diplomatic relations with Nicosia, argues that the exploitation of gas should be agreed with the Turkish Cypriot minority on the divided island and that Turkey itself is the most logical market for Cypriot gas.
But Egypt is experiencing gas shortages and has emerged as an alternative market. Cairo is also looking at transporting natural gas from Israel through a new underwater pipeline.
Mr Kasoulides told the Financial Times last month that Cyprus was in negotiations to "combine forces and pipelines" to go directly to liquefied natural gas stations in Egypt.
The Obama administration still holds out hope that the Eastern Mediterranean's gas finds could bring the region together – and in particular act as a spur to the negotiations to reunify Cyprus.
"It holds the promise of enhancing stability and prosperity by bringing together Israel, Turkey, Egypt, Greece, Cyprus and hopefully one day Lebanon," Joe Biden, US vice-president, said at the weekend, as he called for a de-escalation of tensions. "It also has the potential to bring new supplies into Europe, to increase its energy security."
Source: The Financial Times


Clic here to read the story from its source.