(Globes) Danny Zaken - Egypt is adopting a new approach to Israel and is striving to deepen economic and commercial ties. This new approach can be attributed to the major success of the Abraham Accords, which have helped promote economic deals signed between companies from Israel and Egypt. In his recent gesture to greet Israel's Energy Minister in Cairo, el-Sisi was showing his people and the Arab world that Egypt is prepared to open up to Israel, economically, for tourism, and in a range of other ways. A new deal conveys gas from Israel's offshore Leviathan field through Israel to the Jordanian border and then southwards through Jordan and beneath the Red Sea to Egypt. There is an existing pipeline between Israel's Mediterranean coast and the Jordanian border near Beit Shean following a 2016 deal to supply natural gas to Jordan. The pipelines carrying Israeli gas to Egypt via Sinai are operating at full capacity, with a bottleneck between Ashkelon and Ashdod preventing the purchase of all the gas that Egypt needed. It is hoped that the Israeli government company Israel Natural Gas Lines will complete laying a new gas pipeline to relieve the congestion by the end of 2023. According to the agreement signed in February in Cairo, the amount of gas that will be conveyed to Egypt via the Jordanian pipeline will reach 2 billion cubic meters (BCM) annually, while 3.5 BCM will eventually be conveyed from Ashkelon to El Arish in Egypt. In other words, Israel will be selling Egypt 5.5 BCM annually. Thus the walls are continuing to fall between Israel and its neighbors. Israeli, UAE and Jordanian trucks travel between Israel and the UAE via Saudi Arabia filled with Israeli goods. Israeli water irrigates fields in Jordan.
2022-03-10 00:00:00Full ArticleBACK Visit the Daily Alert Archive