Saudi Arabia looks abroad to LNG and petrochemicals to hedge its bets
In late May, Saudi Aramco signed an agreement to buy 5 million tons per annum of liquefied natural gas (LNG) from San Diego-based Sempra Energy’s planned LNG terminal in Port Arthur, Texas. The deal exemplifies Saudi Aramco’s determination to boost the share of LNG and petrochemicals in its portfolio before its long-awaited public offering in 2021.
In this week’s Monday Briefing, MEI experts Birol Baskan, Eran Etzion, Alex Vatanka, and Marvin G. Weinbaum provide analysis on recent and upcoming events including recent regional summits in Mecca to discuss Iran and the Qatar crisis, Benjamin Netanyahu’s gambit to retain power in Israel, and escalating hostilities between the Pakistani military and the Pashtun Tahaffuz Movement.
What does Trump’s Golan proclamation mean for UNDOF?
Sometime in June the UN Security Council will vote to approve another six-month renewal of the mandate of the 1000-strong UN Disengagement Observer Force (UNDOF) deployed in the Golan Heights. For more than four decades, the UN Security Council has unanimously renewed the mission’s mandate to maintain the ceasefire between Israel and Syria, but this will be the first time it has come up for a vote since President Donald Trump signed a proclamation recognizing Israeli sovereignty over the area of the Golan Heights on March 25th.
Over the past few months, an awkward courtship has been going on between Iraq and its two most polarizing neighbors, as Tehran and Riyadh attempt to convince Baghdad of the merits of their respective orbits. While both sides make compelling points, the fact is that Iraq is exceedingly happy to occupy the middle ground, geopolitically and economically, between the two regional powers.
Monday Briefing: Iraq back in the eye of the storm
In this week’s Monday Briefing, MEI experts Randa Slim, Gerald Feierstein, Zubair Iqbal, Marvin G. Weinbaum, Mirette F. Mabrouk, Robert S. Ford, and Rauf Mammadov provide analysis on recent and upcoming events including the escalating tensions between the United States and Iran with Iraq caught in between, Jared Kushner’s economic development plan for Palestinians, the IMF’s bailout deal with Pakistan, political turmoil ahead of the Afghan presidential election, developments in the Egyptian media landscape following recent constitutional amendments, debate over how to approach elections in Algeria, and the impact of US-Iran tensions on the oil market.
Is Trump’s “Deal of the Century” really a peace plan?
The Trump administration is preparing to present the “Deal of the Century,” proposing an outline for an Israeli-Palestinian agreement. Very little is known about the plan so far. However, it is important to discuss the context and the conditions under which it has been formulated, and to highlight some basic elements that are required for a third party to promote a peace plan — which are absent in this case.
With tensions rising, are we heading toward conflict in the Gulf?
Since the Trump administration refused to extend waivers for Iranian oil exports expiring on May 2nd, the U.S. and Iran have engaged in a cycle of escalating threats and actions. The U.S. has further ratcheted up its “maximum pressure” campaign by adding new sanctions, and in the last few days, the turmoil has deepened as the region absorbed reports of mysterious sabotage against tankers in Emirati ports, apparent Houthi drone attacks on Saudi oil facilities, and news that the Trump administration is contemplating substantial deployments of U.S. military personnel to the region.
Monday Briefing: Ships sabotaged in the Gulf amid rising tensions with Iran
In this week’s Monday Briefing, MEI experts Alex Vatanka, Robert S. Ford, Jonathan M. Winer, and Gonul Tol provide analysis on recent and upcoming events including the sabotage this weekend of four ships off the coast of the UAE, the recent escalation of fighting in northwestern Syria, efforts to negotiate a ceasefire in Libya, and mounting concerns about Turkey’s economic health.
In the days before his recent election victory, Prime Minister Benjamin Netanyahu raised the prospect of Israel’s formal annexation of the West Bank settlement areas where close to half a million Israelis reside. For more than half a century Israeli governments of all parties and constellations have been enthusiastic partners in policies of occupation and settlement of territories conquered in the Arab-Israeli war of 1967.
Following a brief lull on the Israel-Syria front earlier this year, Tel Aviv has once again resorted to striking Iranian assets to its north. While a direct confrontation between the IDF and Syrian forces seems unlikely, the path forward for Israel and Syria is unclear.
Benjamin Netanyahu will undoubtedly succeed himself as Israel’s prime minister after his recent electoral success and, in July, surpass David Ben-Gurion as Israel’s longest-serving prime minister. But, unlike most genuinely successful leaders of democracies, his first priority will have to be avoiding indictment for corruption and going to prison.
Israel’s general election, to be held next Tuesday, April 9, is full of even more sound and fury than usual, but it isn’t at all clear what it will signify.
After a decade in power, Prime Minister Benjamin Netanyahu faces significant headwinds in the forms of a strong challenge from the new Blue and White party and the specter of multiple criminal indictments. Natan Sachs, Amir Tibon, and Grace Wermenbol join host Alistair Taylor to discuss whether this could be the year of a major shakeup in Israeli politics.
