How Egypt benefits from gas agreement with Israel
Egypt and Israel agreed to establish a pipeline connecting Israel’s offshore Leviathan natural gas field to the liquified natural gas terminal in Egypt, a move that was hailed as a major step toward economic, political and security gains for Cairo.
CAIRO — Egypt and Israel agreed Feb. 21 to connect Israel’s offshore Leviathan natural gas field to liquified natural gas (LNG) facilities in northern Egypt via an underwater pipeline in order to increase gas exports to Europe.
The agreement came during the visit of Egyptian Minister of Petroleum and Mineral Resources Tarek el-Mulla to Israel Feb. 21 to “hold talks to support the goals and efforts of the Eastern Mediterranean Gas Forum.”
