Today, The Bible & You

Today’s Front Page

The Nation’s Christian Newspaper

May 2022

Why the Coming World Leader of

Europe and the World Will Sign

7-Year Peace Treaty with Israel

God tells us in Daniel 9:27,

 “And he shall CONFIRM THE COVENANT (treaty) WITH MANY FOR ONE WEEK (7 years): and in the midst of the week, he shall cause the sacrifice and the oblation to cease, and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.”

  This covenant will take place after the Russian invasion of Israel, an invasion joined with Russia by Iran, and other nations mentioned in Ezekiel 38.  The world will be in total chaos and the Antichrist will make a peace treaty with Israel and the world.  The Bible tells us this scenario will begin in Syria.  Damascus will become a ruiness heap as God tells us in Isaiah 17:1. Watch the news.  When Israel makes its final attack on Syria.  Immediately after this is when God will put the strong hooks on Russia, along with her allies to invade Israel.  This will cause a major problem on the European nations who have depended on Russia for gas and oil.  We can now see how God’s prophecies are coming to pass before our very eyes!

Can Israel solve Europe’s gas problem?  We asked the experts.

Russia’s invasion of Ukraine has many looking at the eastern Mediterranean region for replacement gas to the EU, but significant challenges remain.

 (Israel21c, 04/10/22) — Could Europe look to the eastern Mediterranean region, and specifically Israel, for its natural gas needs as an alternative to buying from Russia?

 While the media are reporting a renewed interest in eastern Mediterranean gas, experts interviewed by ISRAEL 21c were more cautious about its prospects.

 The Eastern Mediterranean (EastMed) Pipeline Project was supposed to transport gas to Europe from Israel and Cyprus via Greece and Italy using an 1,180-mile undersea pipeline with a capacity of 10 billion cubic meters (BCM) per year.

 “The importance of this project was very much geostrategic because it brought Israel, Greece and Cypus much closer,” said Michael Harari, a policy fellow at Mitvim: The Israeli Institute for Regional Foreign Policies and former Israeli ambassador to Cyprus.

 Until the Russian invasion of Ukraine, the EastMed pipeline appeared to be dead in the water.  The United States said in January 2022 that it no longer supported the $6.54 Billion Initiative announced in 2016, citing environmental concerns.

 Israel’s recent rapprochement with Turkey (President Isaac Herzog visited the country last month) has created another potential new opportunity for Israeli gas to Europe.

 “I think among the reasons for the American administration to put aside the EastMed pipeline was to stabilize the region by taking into consideration the Turkish angle,” Harari remarked.

 “Turkey now says very clearly — [President Recep Tayyip] Erdogan said it next to Herzog in Ankara — that it wants to get gas from Israel for its own consumption and into Europe.”

 Israeli officials say that the subsea pipeline from the Leviathan gas field to Turkey could run up to around 343 miles at a cost of some $1.5 Billion.

Potential roadblocks

However, an Israel-Turkey subsea pipeline could cross Cyprus’ Exclusive Economic Zone, creating potential roadblocks for a country with historically adversarial relations with Turkey.

 Israel wants to maintain close ties with Cyprus, which along with Greece and Egypt, leads the East Mediterranean Gas Forum (EMGF).

 Harari told ISRAEL21c that although the attractiveness of eastern Mediterranean gas is “clear and valid, the volumes are not enough to cover major parts of Europe’s needs and it is not going to happen in the next year or two.”

 Russian natural gas last year represented around 45 percent of European Union (EU) gas imports at 155 BCM and close to 40% of the EU’s total gas consumption, according to the International Energy Agency.

 The bloc was already committed to transitioning away from fossil fuels to meet its climate targets under the 2015 Paris accord — natural gas consumption in the EU is projected to drop to 22% by 2030 and just 9% by 2050 before eventually stopping entirely.

 “Under the light of the EU energy policy, the future of the EastMed project is still open but uncertain, and worst without a strategy for the pipeline’s development in line with the EU’s long-term climate objectives,” Martina Pilloni, associate expert on energy policy at the Israel Public Policy Institute, told ISRAEL21c.

 But Pilloni was quick to point out that the plan also calls for more biomethane and hydrogen. and emphasizes an even faster reduction in fossil fuel dependence.

Private investment

 Still, a government guarantee from the EU for non-Russian natural gas could be enticing for private investors otherwise making a risky gamble in terms of locking into a contract, building a pipeline and getting gas out of the well.

 “Private investors need to see whether the EU is willing to put the money — government money, not just private money — into these endeavors,” said Elai Rettig, a specialist in energy geopolitics and security who is an assistant professor of political studies at Bar-Ilan University.

 “Whatever they put the money on, that is what is going to be built,” he added.

 While the EastMed pipeline or a route via Turkey both pose significant challenges, liquefied natural gas (LNG) for shipment and storage is another desirable option, experts indicate, with an eye on Egypt’s two existing LNG facilities or a proposed floating LNG facility at Leviathan.

 Last year, Egypt shipped a 10-year high of 6.8 million tons of LNG and it aiming to export 7.5 million tons of LNG this year.

Ups and downs

While Europe decides on its energy policies to reduce Russian dependence, Israel continues to benefit from gas exploration in its economic waters.

 The Leviathan and Tamar gas fields operated by Chevron are already online. Last month, oil and gas exploration and production company Energean announced that its Karish gas field was connected to Israel’s gas network with the gas expected to start flowing to consumers later in 2022.

 “We are kind of immune to these ups and downs in the global gas market that we are seeing in Europe and in Asia,” Rettig said.

 “Because we have our own domestic supply, and we have an artificial competition going on between these three fields.”

Printed with permission of Today, The Bible & You located at P.O. Box 1722, Broken Arrow, Oklahoma 74013, Phone No. (918) 279-1136.  The name of the original article in the May 2022 issue of Today’s Front Page was “Why the Coming World Leader of Europe and the World Will Sign 7-Year Peace Treaty with Israel.” www.JohnBarela.com