GAS FINDS MAY LEAD TO ISRAELI ALLIANCE WITH EGYPT, GREECE

epa03010742 epa03010733 An aerial view from a helicopter of the Homer Ferrington rig operated by Noble Energy in the east Mediterranean, drilling in an offshore block on concession from the Cypriot government, 21 November 2011. Houston-based Noble started drilling for gas off Cyprus in September, in the island's first attempt to tap speculated offshore hydrocarbons deposits. Cypriot President Demetris Christofias visited the rig, which started drilling for gas on 21 November. EPA/STR EPA/STR

Experts: Discovery of huge reserves in Mediterranean could lead to cooperation between Israel, Egypt, Greece and Cyprus. By Gil Ronen The discovery of huge reserves of natural gas in the eastern Mediterranean will likely give birth to new alliances in the region, possibly even leading regional powers to “bury old differences and develop unprecedented security,… Continue reading GAS FINDS MAY LEAD TO ISRAELI ALLIANCE WITH EGYPT, GREECE