This is

is CBS I in the world. I'm John Bachelor.

War in the Middle East, right now the fog of war over Gaza and yet there was a day before and there will be a day after the war in which there's great promise in the Eastern Mediterranean.

It has to do with the energy discoveries of these last years and also what it means for

remaking the economies of Israel, yes, but also other countries in the region have prospect

here that did not exist before.

I welcome Antonio Kullashanu of geopolitical futures of

subscription site I hardly recommend she is in Bucharest looking at the possibilities of natural gas for the region.

Antonio, very good evening to you.

The positive here.

What does this mean for Israel's economy now?

What does it mean in the future?

Good evening to you.

Good evening. Indeed, the positive is basically tied to how Israel has developed the energy sector, its own energy sector during the last decade.

So what happens is that the offshore gas reserves that Israel discovered in 2010,

basically accelerated its own switch from coal to gas.

It has driven a restructuring of its internal energy infrastructure and it has allowed it to become an exporter.

So right now Israel is exporting natural gas to Egypt and Jordan. Now that said during the last few years and

especially in 2022 Israel has been kind of leading the way of cooperation in the Eastern Med because obviously Israel is not the only one having offshore gas reserves and it

wants to make sure that those gas reserves it has along with the other gas reserves around are being put to market especially to the Europeans.

So 2022 has accelerated that drive that Israel had towards developing its own reserves to serve the Europeans,

considering that the Europeans were looking for alternative natural gas to Russia's gas.

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