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January 20, 2015 11:48 pm

Egypt Considering Importing Natural Gas From Israel

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Natural gas from Israel's Tamar field began flowing to customers in 2013. Photo: Screenshot / Youtube.

Natural gas from Israel's Tamar field began flowing to customers in 2013. Photo: Screenshot / Youtube.

JNS.org – Egyptian Minister of Petroleum Sherif Ismail said that Egypt is considering importing natural gas from Israel to alleviate its shortage of the resource.

“Anything can happen. Whatever achieves the best interests of Egypt, and of the Egyptian economy and the role of Egypt in the region… that will determine the decision to import gas from Israel,”Ismail told the state-owned Al Mussawar magazine, Reuters reported.

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Private companies are reportedly already negotiating to bring Israeli gas to Egypt, but any agreement will need to be approved on the government level.

Despite the fact that Israel and Egypt signed a peace treaty in 1979, many in Egypt’s government and society still view the Jewish state with distrust. But in recent years, the two countries have found themselves increasingly working together against terrorism in Egypt’s Sinai Peninsula, which borders southern Israel.

The Israeli company Delek Drilling has estimated that if an agreement is signed, gas can begin flowing from Israel to Egypt in 2017.

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  • I applaud any effort of cooperation between Egypt and Israel. Trade can be a fruitful bridge among people and among nations. It is by doing business with Israel that Egyptians will learn that Israelis are honest and reliable business partners, worthy of their respect and trust, and vice versa. Good luck to this enterprise! Salam! Shalom!