Christopher Dickey reports: When Israel looks at the greatest threat to its long-term hopes for the future, these days it’s looking out to sea. The old issues are on the table, of course: Iran’s nukes, the Palestinians, the Syrian slaughterhouse next door and growing regional instability. But if there’s a place where a sudden, out-of-control war is likely to erupt, it’s probably not going to be called the Sinai, the Golan, the West Bank (or Judea and Samaria). It’s going to be called Leviathan, Dalit or Karish — the vast fields of natural gas and oil discovered in the deep waters between Israel and Cyprus over the last five years.
Who controls that wealth is likely to dominate the economic future of the region for generations to come. The Israelis know it. So do their allies, their rivals and their enemies. And tensions are mounting by the day.
“All the elements of danger are there,” says Pierre Terzian, editor of the oil industry weekly Petrostrategies: there is competition for huge resources, there are disputed borders, and, not to put too fine a point on it, “this is a region where resorting to violent action is not something unusual.”
The United States government is watching warily, trying to broker diplomatic settlements and, so far, failing. No longer inclined to be the region’s policeman on land or in the air, much less at sea, Washington is scaling back its presence in the Middle East while just about everyone else is increasing theirs.
Israel is rushing to create “the most technologically advanced fleet in the Eastern Mediterranean,” according to a report in Tablet Magazine. Turkey is flexing its maritime muscles with plans to spend as much as a billion dollars on a multi-purpose amphibious assault ship that will give its fleet blue water capabilities like never before. The Iranian-backed Hezbollah militia in Lebanon, meanwhile, is known to have naval missiles, and has used them in the past, sinking a cargo vessel and holing an Israeli warship during the Lebanon war of 2006. Russia is expanding both its naval and commercial presence in Syrian waters, despite the Syrian civil war. It inked a $90 million, 25-year exploration deal with Damascus last Christmas Day. [Continue reading…]