Israeli Natural Gas Starts Flowing to Egypt
few days after the flow of Israeli natural gas to Jordan had begun, the flow
from Israel to Egypt is being inaugurated on Wednesday, following an
announcement by the energy ministers of both countries at the Cairo Middle East
two energy ministers, Israel’s Yuval Steinitz and Egypt’s Tarek Al Mulla,
have noted that this is an important development that will serve the economic
interests of both parties.
agreement will also allow Israel to export some of its gas to Europe via Egypt.
Steinitz said that “this is a holiday for the State of Israel. Cooperation
between Israel and Egypt in the field of energy and gas to the tune of tens of
billions of dollars is the first of its kind since the signing of the peace
treaty between the two countries 40 years ago.”
this month, it was announced that representatives from Israel, Cyprus and Greece
signed an agreement to establish the East-Med gas pipeline, to export natural
gas from the offshore gas reservoirs of Israel and Cyprus to European countries.
On hand at the signing ceremony in Athens were Prime Minister Benjamin Netanyahu
and Energy Minister Steinitz.
said at the ceremony that it was a big day for Israel, which was turning into an
signed supply agreements with many neighbors, it boosts the economy,”
Netanyahu said, adding, “We call on all the other countries that want to join
the agreement – come and join.”
total length of the planned pipe is about 1,200 miles, about a quarter of which
will be on land, and the rest under the sea. The cost of the venture is expected
to be about $6.67 billion and should be completed in five years.
to the signing of the new agreement, Netanyahu held meetings with Greek Prime
Minister Kyriakos Mitsotakis and Cypriot President Nicos Anastasiades.