A $35bn gas export deal that would lift contracted Israeli gas volumes to Egypt by around 800mn cfd from 1bn cfd currently by the end of the decade is increasingly entangled in broader geopolitical affairs (MEES, 8 August). The deal has major commercial implications for Israel’s gas sector, but has also been caught up in domestic political dynamics and Israel’s deteriorating relationship with Egypt.
Fundamentally, there are three key issues that need to be resolved for the gas deal to be implemented. (CONTINUED – 2231 WORDS)
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