Benaw Izzat | Exclusive to iKurd.net
We are living in a wonderful time that is shaking up all the teachings. The US has a senile president who was losing his way again this week in the White House garden. In Lebanon, General Aoun, 84 years old, ends his career as a puppet of Hezbollah on October 31. He leaves behind him a country on its knees with 80% of the population below the poverty line and a national currency that is no longer worth anything. In Israel, Prime Minister Yair Lapid may no longer be in power in a few days and the outcome of the election rests in the hands of the religious ultra-Orthodox.
In this completely improbable geopolitical context, Israel and Hezbollah find a way to sign an agreement on the territorial waters between the two countries and the exploitation of future gas resources.
As no Russian or Israeli company can install a drilling platform in Lebanese waters, the French state provide its guarantee to Totalenergies which will start exploration works in block 9 which shows promise in natural gas. Totalenergies holds 60 percent of the license and Qatar will get 40 percent. The profits will be distributed 17% in favor of Israel and 83% in favor of Lebanon. The whole agreement has the blessing of the USA and “Sleepy Biden”. The French parliament will not even debate on this matter.
In September Hassan Nasrallah threatened to attack the Karish offshore gas field if Israel started to extract gas from it. He is undoubtedly relieved not to have to start a new war that would have destroyed Lebanon for good. Despite the contractual denials of both sides and the commitments before the UN, it is clear that Hezbollah will receive most of the dividends of this future gas windfall. It is materially impossible to be otherwise.
In Israel, this operation allows Yair Lapid to show his ability to govern the country and gives him a chance to form a coalition. We can only hope that the Israeli people understand what is at stake, as this agreement is surrounded by a total lack of transparency.
To better convince them, the Israeli company listed in London, Energean, begins today the extraction of gas from the Karish field. At the same time, General President Aoun is using his last hours of power to convince Totatenergies to begin exploration without even waiting for the formal signing of the agreement.
For the first time in modern history, the signatories of an agreement that could bring peace between Israel and its Lebanese neighbor will not be of any importance.
All that remains is to thank Vladimir Putin alias “Vlad the Bad” for creating an unprecedented gas energy crisis by invading Ukraine. What are we really going to write in the history books, at the dawn of the upheavals caused by climate change and the need to abandon fossil fuels?
Mrs. Benaw Izzat – a special reporter and senior writer for iKurd.net.
The opinions are those of the writer and do not necessarily represent the views of iKurd.net or its editors.
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