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

Former Leader of Muslim Brotherhood Mohamed Mahdi Akef Dies at 89

Egyptian StreetsSeptember 23, 2017

Forest Whitaker to Receive Career Achievement Award at El Gouna Film Festival

Egyptian StreetsSeptember 23, 2017

Egypt Ranks First in ‘Where to invest in Africa 2018’ List

Egyptian StreetsSeptember 21, 2017

Uber to Launch Public Transport Service in Egypt: Minister

Egyptian StreetsSeptember 21, 2017

US to Consider Restoring Halted Military Aid to Egypt: Trump

Egyptian StreetsSeptember 21, 2017

President Al-Sisi Addresses the United Nations

Egyptian StreetsSeptember 20, 2017

President Al-Sisi Meets Israel’s Netanyahu Publicly For The First Time in New York

Egyptian StreetsSeptember 19, 2017

Irish-Egyptian Ibrahim Halawa Acquitted By Egypt Courts After Four-Year Imprisonment

Kari MegeedSeptember 18, 2017
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.