Haven't heard anything lately about Israel's natural gas discoveries in the Mediterranean lately. Last I read (from June, 2012) Noble/Delek was given the go-ahead to develop the Noa North Gas Field offshore near Ashkelon. Supposedly, gas is now flowing from it. Could Israel be the next Energy Giant, fulfilling its own energy needs and exporting energy to nations around the globe?
That would change the Middle-East dynamic, wouldn't it (well, January's theme is energy, isn't it?)