News

Egypt does not export gas to Israel says President

Egypt does not export gas to Israel says President
Egyptian security stand in the vicinity of flames following an attack by saboteurs on an Egyptian gas pipeline on July 12, 2011, at al-Arish in the north of the Sinai peninsula, the fourth time since February, cutting supplies to Israel and Jordan, the official Egyptian MENA news agency reported. (AFP/Getty Images)
Egyptian security stand in the vicinity of flames following an attack by saboteurs on an Egyptian gas pipeline on July 12, 2011, at al-Arish in the north of the Sinai peninsula, the fourth time since February, cutting supplies to Israel and Jordan, the official Egyptian MENA news agency reported. (AFP/Getty Images)

Egyptian President Abdel Fattah Al-Sisi stated on Sunday that Egypt neither exports nor imports any natural gas to and from Israel.

“Egypt no longer exports natural gas to Israel,” President Sisi said in a meeting with state-owned and independent newspapers, according to the Middle East News Agency.

In 2012, Egypt had declared that it was to cancel its 20-year-long deal, signed in 2005, of exporting natural gas to Israel,

While President Sisi warned that there may be contractual complications as a result of ceasing the export of gas to Israel, these complications may be overcome through international arbitration.

The President’s statements came after reports emerged earlier this week that Israel was to sell $US 60 billion of natural gas to liquefaction plants in Egypt. Israel’s Ministry of National Infrastructures, Energy and Water Resources declined to comment on the reports, while Egypt’s Minister of Petroleum and Mineral Resources stated that no such agreement had been reached.

As a result of new discoveries of natural gas repositories, Israel has found itself set to become a major exporter of natural gas, with plans to expand such export across the Mediterranean, and even to Europe and Asia.

Egypt, once a major natural gas exporter, has limited its exports following multiple attacks on its gas pipelines leading to Jordan and Israel.

Mubarak-era officials have also been accused by the prosecution of selling gas to Israel at below market prices.

Egyptian-British Rapper Suspected of Beheading US Journalist James Foley
Egypt Among Top 20 Countries With Slowest Internet

Subscribe to our newsletter


News

More in News

Egypt’s Unemployment Rate Down to 10 Percent in Q3 of 2018

Egyptian StreetsNovember 16, 2018

Egypt ‘Appreciates’ and ‘Trusts’ Final Saudi Investigation into Khashoggi Killing

Egyptian StreetsNovember 16, 2018

Archaeological Mission Unearths Ancient Pregnant Woman Burial

Egyptian StreetsNovember 14, 2018

Egyptian MP to Submit Bill Omitting Religion from National IDs to Parliament

Egyptian StreetsNovember 12, 2018

British Parliament Encourages Lifting the Travel Ban Imposed on Sharm El Sheikh

Nour EltiganiNovember 11, 2018

Egyptian Film ‘Yomeddine’ Wins at Geneva Film Festival

Mirna AbdulaalNovember 10, 2018

UN: Food Aid to Be Doubled to 14 Million Yemenis to Avert Starvation

Mirna AbdulaalNovember 10, 2018

Bedouin Tribes of ‘Sinai Trail’ Get Backing From Egypt’s Ministry of Tourism

Mirna AbdulaalNovember 10, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.