The deal -- designed to allow Delek to focus on the larger Leviathan field -- highlights the growing commercial interest in East Mediterranean hydrocarbons. It also underlines the intersection with political developments, including Emirati normalisation with Israel and the regional anti-Turkish alliance.
- Abu Dhabi will increase political engagement and again try to gain observer status at the EMGF.
- On top of hydrocarbons links, electricity cooperation is likely to rise up the regional agenda.
- The United States, EU and NATO could increase their focus on calming regional tensions through inter-state dialogue.