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 Public Prosecution Orders Release of Fairmont Crime Witness Ahmed Ganzoury

Egyptian StreetsJanuary 23, 2021

‘Cairo Eye’ to be Largest Observation Wheel in Africa

Egyptian StreetsJanuary 22, 2021

Egypt Introduces 20 Years Imprisonment for Female Genital Mutilation

Egyptian StreetsJanuary 21, 2021

Joseph R. Biden Sworn In as 46th US President

Egyptian StreetsJanuary 20, 2021

Egypt and Qatar Reinstate Diplomatic Ties

Egyptian StreetsJanuary 20, 2021

Egyptian Woman Arrested for Baking ‘Genitalia Cupcakes’ as Controversy Spreads

Egyptian StreetsJanuary 19, 2021

Egypt Announces New Major Discoveries at Saqqara Archaeological Site

Egyptian StreetsJanuary 18, 2021

Egypt Starts With a Victory as Host of the 2021 Handball World Championship

Egyptian StreetsJanuary 14, 2021