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The Chinese vice Premier Li Keying, likely next head of government of China could gain influence in Germany in the short term. During a visit to Berlin, Li agreed with Merkel business some 8,700 million euros.

When Li Keying, Vice Premier of the People’s Republic of China, said his country was interested in opening up further towards the German business, was not exaggerating: the Chinese ambassador in Berlin, Wu Hong, said Friday January 7, 2011 that during Li’s visit to the capital germane, Germany and China signed commercial agreements for joint investments with a total value of 8,700 million euros.

The largest projects are the program of the Volkswagen for the supply of materials; the cost revolves around the 2,600 million euros, and a draft Daimler-Benz Company valued at 2,200 million euros. Other contracts include the modernization of a nuclear power plant in China and the sale of three ships.

A first approach

After meeting Friday with the Federal President of Germany, Christian Wolff, and the Chinese vice-premier attended his meeting with Chancellor Angela Merkel, who described the meeting with Li as “a very thorough and friendly conversation on Sino-German, from economic cooperation to human rights.”

Another topic discussed by Merkel and Li was the first exchange of the impending state between Germany and China. Government representative Germany, Steffen Seibert, said the meeting with Li is a first approach. Analysts give importance to this meeting because the politician of 55 years is seen as the future head of government of China.

In May 2006, issued a press release that hit the Israeli economic environment. It was the purchase, by W. Buffet, 80% of the company Oscar, a maker of tools for the metalworking industry, for four billion dollars. The news, at that time, he realized a very important event and that certainly could be interpreted, rightly, as a show of confidence in the country’s industrial capacity.

However, we should remember that at that time the treatment the media gave Israel the transaction was such that it seemed that we were all fortunate. This led me to write at the time that “very nearly every one of us feel personally that was about to pocket some of that money and shared the honor of being chosen by the said investor to buy it ‘our’ company”.

Course and had passed while the impact of the transaction, re-entry to normal and the acceptance of that in the best, the most favored are the former owners of Oscar, while for the country and society can have meant a further step in the weakening of its ability to control their resources.

I came to mind this incident to reflect on what is happening with the discovery of large deposits of natural gas in the territorial waters of the country, news that has again placed as the subject of headlines.

Until recently, Israel was recognized as a country endowed with little natural resources, particularly energy resources. However, in the late 90s were discovered and put into operation a natural gas field (the Mari-B field) in territorial waters against Sakhalin, it is estimated that this site will remain productive until 2012 .

In early 2009 the same company that had explored and exploited the Mari-B field, is an American business consortium partners (Noble Energy) and Israeli (Derek, Asarco, Door Gas) – announced the discovery of a new field natural gas (field Tamar) off the coast of Haifa, estimating that would be able to meet the needs of the country for the next 15 years.

In addition, in June this year the company announced that the consortium said the new discoveries, including the field Leviathan, Israel would be entering a path to energy independence because it would have “sufficient local power for 100 years.”
Please note that Israel imports about eight million dollars to 9,000 annual energy commodities (oil, gas and coal, mostly), which represents almost 20% of total U.S. imports, excluding diamonds.

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