damirUSBiH + 327 DD February 20, 2018 Israel to export $15bn worth of natural gas to Egypt in the biggest export deal to date for Israel's natural gas industry. Already, there are more political reactions than economic. Quote Share this post Link to post Share on other sites
Petar + 76 PP February 20, 2018 Israel and Jordan signed a similar deal a year and a half ago, with Israel agreeing to supply Jordan with $10 billion worth of natural gas over fifteen years  Quote Share this post Link to post Share on other sites
Pavel + 384 PP February 20, 2018 In announcing the deal, Egypt said it was open to importing gas "from Cyprus or anywhere else." Refused to say word Israel?! 1 Quote Share this post Link to post Share on other sites
Petar + 76 PP February 20, 2018 It's just about money. It's hard to believe how Egypt could be an ally of Israel. Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD February 20, 2018 B. Netanyahu scores a "historic victory" after allegations of  his "historic" corruption. Just wondering how much of that transaction will be going into his Swiss Bank account? Quote Share this post Link to post Share on other sites
franco + 96 FM February 20, 2018 Interesting. For years, Mubarak sold Egyptian gas to Israel at 60% below market price. The same pipeline will serve now to export the gas to Egypt who will be buying it at a premium price. And, as I know it's a gas which minimum of 50 percents belongs to Palestine. 1 Quote Share this post Link to post Share on other sites
Pavel + 384 PP February 20, 2018 I read, Israel doesn't have natural gas liquefaction terminals. Egypt has 2, which allow natural gas to be loaded onto tankers and shipped round the world. Both have sat idle for the past five years, since Egypt diverted its exports to the local market Quote Share this post Link to post Share on other sites
franco + 96 FM February 20, 2018 $15 billion over 10 years for natural gas. Over this same time period Egypt will be giving Israel $38 billion-plus (incrementally increasing). Good deal, for Israel. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS February 20, 2018 Not sure we'll reach that 10-year mark with the considerable rumblings in the Middle East right now. Quote Share this post Link to post Share on other sites
franco + 96 FM February 20, 2018 In the Middle East, everything is possible. Even the beginning of the WW3. Quote Share this post Link to post Share on other sites
Pavel + 384 PP February 20, 2018 Trade is a good thing globally -- more trading, less fighting. Quote Share this post Link to post Share on other sites
TomTom + 183 February 22, 2018 Sounds like a win-win to me... when the Zohr field is finished, I'm sure Egypt can take a big step towards energy independence. Quote Share this post Link to post Share on other sites
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