US Edition$35B Gas Deal Underscores Egypt’s Energy Reliance on Israel Despite Gaza Tensions
10 Articles
10 Articles
The Israeli gas company NewMed Energy announced that it had signed a $35 billion contract for the supply of gas to Egypt from the Leviathan field in the Mediterranean. Egypt took more than 36 hours to confirm the announcement, as it arrived at an embarrassing moment.
As Sisi Accuses Israel of Genocide, Egypt Signs Record $35 Billion Gas Deal with Israel
Egyptian president Abdel Fattah El-Sisi this week issued his most strident criticism of Israel to date, calling its assault on Gaza “a war for starvation, genocide, and the liquidation of the Palestinian cause.” In his comments on Tuesday, Sisi also defended Egypt against accusations that it was complicit in the suffering of Palestinians in Gaza for not opening the Egyptian side of the Rafah border crossing to allow in aid. “The claims made by s…
$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions
Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza.
The agreement announced in recent days with Israel for the supply of natural gas is not a new contract, but an extension of the agreement signed in 2019. This was clarified by Moataz Atef, spokesperson for the Egyptian Ministry of Petroleum and Mineral Resources, emphasizing that the operation is part of a "dual-track" strategy aimed at increasing domestic oil and gas production and diversifying supply sources, while strengthening Egypt's role a…
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