Arab Today, arab today china flirts with israel amid gulf crisis
Last Updated : GMT 20:50:36
Arab Today, arab today
Arab Today, arab today

China flirts with Israel amid gulf crisis

Arab Today, arab today

Arab Today, arab today China flirts with Israel amid gulf crisis

Occupied Jerusalem - UPI

China, contemplating the possible disruption of oil supplies from Iran, appears to be making moves toward cementing its links with energy newcomer Israel, a move that could outflank the United States in the Middle East. One strategic joint venture that\'s being mooted is a Chinese-built rail line across the Negev Desert from Haifa, on Israel\'s Mediterranean coast near newfound offshore gas fields, to Eilat on the Red Sea, Israel\'s maritime route to Asia. This has emerged following a little-noticed exchange between Israel and China last week to mark the 20th anniversary of diplomatic ties between the countries. Chinese Premier Wen Jiabao said his country and Israel have \"huge potential and broad prospects for cooperation\" that Beijing \"is ready to continue to expand and deepen.\" \"Clearly, Israel and China are poised to enter a profound and highly strategic engagement,\" observed veteran analyst M.K. Bhadrakumar, a former Indian ambassador to the Soviet Union, Pakistan, South Korea, Kuwait and Turkey. Israel, which since its foundation in 1948 has been without energy resources, now finds its economy, and likely its foreign policy, about to be transformed. The deep-water fields off its Mediterranean coastline in the Levant Basin contain reserves estimated at 25 trillion cubic feet of gas, far exceeding Israel\'s domestic needs. Economists estimate gas receipts will earn Israel $2 billion-$3 billion a year, with the country managing a sovereign wealth fund of $10 billion by 2021. And the energy riches are likely to go on growing. The U.S. Geological Survey estimated in 2010 that the Levant Basin, an area of 32,000 square miles that includes Lebanon, Syria, the Gaza Strip and Cyprus, could hold 122 tcf as well as 1.7 billion barrels of recoverable oil. These developments coincide with a new thrust by China to develop stronger ties to Saudi Arabia and the other Arab monarchies in the Persian Gulf amid the confrontation between Iran and the West in the oil-rich region. Wen made a high-profile, six-day tour of Saudi Arabia, the United Arab Emirates and Qatar last week. It was the first Saudi visit by a Chinese premier in 20 years and the issue of energy supplies was undoubtedly top of the agenda. \"Having developed strong interests on the two sides of the Persian Gulf divide -- the Gulf Cooperation Council states and Iran -- China is taking an awesome leap as a big-time player in the geopolitics of the Middle East by elevating its ties with Israel to a strategic partnership,\" Bhadrakumar noted. \"Paradoxically, just as the United States is hoping to nettle the dragon in the South China Sea and \'contain\' it in the Asia Pacific, China makes a dramatic, outflanking appearance in the citadel of American geostrategies in the Middle East,\" Bhadrakumar wrote in Asia Times Online. Analyst Peter Lee, who specializes in Asian affairs and how they intersect with U.S. foreign policy, says expectations are the United States will become almost self-sufficient in energy by 2030 due to exploitation of shale oil and gas resources will free it of dependence on Middle Eastern oil. That, he argued, is \"bad news for Israel and Saudi Arabia, both of which rely on United States backing to buttress their shaky fortunes in the region.\" These fortunes \"have become more perilous with the advent of the Arab Spring and the evaporation of local authoritarian and/or pro-U.S. regimes that were quite happy to coexist with Israeli high-handedness and narrow Saudi autocracy.\" Israel sees a joint venture with China to transport Israeli gas to Eilat, the Jewish state\'s only port with direct access to Asia, as a hedge against an uncertain future as U.S. power wanes in the region. This route also sidesteps the choke point Strait of Hormuz which Iran has threatened to block, cutting off one-fifth of the world\'s oil supplies. During Wen\'s Saudi visit, he signed a deal for the China Petroleum and Chemical Corp to build an $8.5 billion export refinery to handle 400,000 barrels per day at Yanbu, on the kingdom\'s Red Sea coast, thereby also bypassing Hormuz. The outline of a new energy infrastructure in the region, oriented primarily to China and other Asia consumers rather than to the West, thus starts to emerge.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china flirts with israel amid gulf crisis Arab Today, arab today china flirts with israel amid gulf crisis

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday