Israel has entered a state of emergency. Not for the first time and likely not the last. As many analysts have predicted for months (MEES, 2 January), another wave of attacks on Iran was launched on 28 February that has sent shockwaves throughout the region and roiled energy markets (MEES, 6 March). While the previous Israel-Iran conflict in June last year lasted just twelve days, the messaging from Washington suggests that the joint Israeli-US war against Iran will be a much longer affair (MEES, 6 March).
Israel has been here before and is seemingly well prepared for the long haul. On 6 March Energy Minister Eli Cohen issued emergency instructions to prioritize gas for domestic use due to potential gas shortages affecting electricity supply. Gas entering Israel’s transmission system must first serve domestic and distribution network consumers, then key industrial users, with remaining volumes allocated to electricity producers. Any surplus gas may be exported. (CONTINUED – 1390 WORDS)
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