Saturday, July 21, 2012

Israel navy needs ships to guard gas fields

TEL AVIV, Israel, July 19 (UPI) -- Israel's navy is pressing for $756 million to buy four corvettes to bolster protection for the country's growing natural gas bonanza while naval exercises around Cyprus has heightened tensions in the eastern Mediterranean.
With growing uncertainty in the region stemming from the civil war in Syria, Israel's northern neighbor, political turmoil in Egypt, on its southern flank, and fallout from the confrontation between the United States and Iran in the Persian Gulf, Israel's getting jumpy about the offshore gas fields that are about to make it a regional energy power.
Russia's deployment of naval forces in the region isn't helping cool things down.

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