Thursday, 01 October 2020

d development

Wednesday, 15 January 2020 08:18

A development that serves Egyptian-Israeli economic interests

within the framework of Egypt's growing role as a regional gas hub within the framework of Egypt's growing role as a regional gas hub

Tel Aviv - Cairo: - The start of gas flow from Israel to Egypt according to an agreement that took place between the two parties, which represents an important development that serves the economic interests of both countries, according to a statement by Egyptian Minister of Petroleum Tariq Al-Mulla.

Al-Mulla added: This development will enable Israel to transfer quantities of its natural gas to Europe through the Egyptian LNG factories, within the framework of Egypt's growing role as a regional gas hub.

The two countries (Egypt and Israel) signed an agreement that the Netanyahu government described as historic in February 2018 to export gas to Egypt worth $ 15 billion, for a period of 10 years.

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