Egypt, Israel announce $15 billion gas export deal
A $15 billion deal has been announced between Israel and Egypt to export natural gas.
Israel’s Delek Group has signed an agreement to supply 64 billion cubic meters of gas in a span of ten years to Egypt’s Dolphinus Holdings.
The deal is considered a milestone ever since the 1979 peace accord, bringing Egypt a step closer to becoming a regional energy hub.
However, the transportation of natural gas from Israel to Egypt is a challenge given the security risks.
Will the Egypt-Israel gas export deal usher in a relationship of bonhomie and economic co-operation?
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