A more worrisome, but overlooked, aspect of China’s growing ties with Iran could occur in the arms sector. A bit of historical context is needed here. In the 1980s and early 1990s, China was a major supplier of advanced weapons to Iran in areas ranging from tanks and fighter jets to fast-attack patrol craft and anti-ship missiles. Beijing was driven not only by profit motivations, but also, it seems, by a strategic desire to strengthen Iran as a bulwark against excessive U.S. influence in the Middle East. Continue reading
News sources are now picking up on what was mentioned here long ago. This will be used a main provider of energy to Europe, which will be more stable than supplies from Russia, who has turned off the switch in political ploys. Due to this fact, don’t count Greece or Cyprus out of the EU membership list as they will both have an important role in the Europe’s future.
Cyprus plans to become a regional hub in the Eastern Mediterranean Sea for the export of liquefied natural gas as the small island and its neighbors sit on huge offshore reserves, Cypriot officials say.
The nation’s aspirations are driven by recent discoveries in the Levant Basin, a stretch of sea that extends from the coasts of Israel, Lebanon and Syria and is estimated to contain 122 trillion cubic feet of gas. 1 trillion cubic feet of natural gas is enough to meet the needs of 5 million households for 15 years, according to the American Gas Association. Continue reading