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EGYPT PULSE
Egypt faces public backlash after signing $15 billion gas deal with Israel


tarek el-molla,oil minister
 
Shahira Amin February 23, 2018,Al-monitor

The signing of a $15 billion deal allowing an Egyptian private sector firm to buy natural gas from Israel over the coming decade has sparked widespread controversy on social media despite garnering enthusiastic praise from officials in both countries.

Under the deal — hailed as “historic” by Israeli Prime Minister Benjamin Netanyahu — the Egyptian company Dolphinus Holdings would import around 64 billion cubic meters of gas over a 10-year period (starting at the end of next year) from Israeli drilling company Delek and its US partner Noble Energy, a move that Netanyahu said would strengthen Israel’s security, economy and regional relations.

Read more: http://www.al-monitor.com/pulse/originals/2018/02/egypt-gas-deal-israel-public-anger-sisi.html#ixzz5Kggg1n2o

 

Read more: http://www.al-monitor.com/pulse/originals/2018/02/egypt-gas-deal-israel-public-anger-sisi.html#ixzz5Kgfd55jq

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