The status of Russia's conflict against Ukraine, which is difficult to predict, may have a significant impact on an unexpected front - a Israel-Europe gas deal which will transform European geopolitics and energy security.
This week, Israel formally established itself as being a natural supplier to Europe, one of the world's greatest markets.
The disclosure of an agreement inked by Israel, Egypt, and the European Union on June 15 at the East Mediterranean Gas Forum will be a significant deal for both Europe and Israel. The Europeans' quest for alternate natural gas sources is a direct effect of Russia's military operation in Ukraine.
A Big Deal for Europe and Israel
Europe has been reliant on Russian natural gas and Russia's favors for energy for decades. As a means of influencing policy, Moscow has repeatedly cut off gas supplies to European nations at will.
Gaining new accessibility to Israeli natural gas enables it to shift away from Russia as its major ener...