The Gulf countries might soon see a significant shift in their oil export strategies with a potential pipeline that could connect them to Europe via Israel. This proposal, put forth by Israel’s energy minister, aims to bypass the geopolitically volatile Strait of Hormuz, which has been subject to frequent disruptions.
According to Eli Cohen, Israel’s energy minister, the Gulf nations are eager to avoid dependence on Iran or the Houthis for their oil exports, which form their primary income source. He suggested that a land route across Israel would be the most effective solution.
Increased tensions in the region have posed challenges to shipping, particularly near the Red Sea, further emphasizing the need for an alternative route. The pipeline proposal comes amidst Israel’s efforts to boost its natural gas exploration and aim for 30% electricity production from solar energy by 2030.
(With inputs from agencies.)
