https://www.middleeastmonitor.com/news/africa/16729-egypt-to-import-natural-gas-directly-from-noble-energy
Ahead of recent reports that the current regime in Egypt (headed by al-Sisi and controlled by the US) are trying to incorporate the Muslim Brotherhood into the political framework, there are now trade and infrastructure deals going through that will lift the burden off the Egyptians. It is interesting to note the timing of such deals that bring normality back to the lives of many, giving them a sense of relief and acceptance that any new change in government is a good change - even if it is a drastic compromise from an already compromised political party (Muslim Brotherhood).
From source:
A senior official from Egypt's natural gas holding company, EGAS, said on Sunday that Egypt plans to import Israeli natural gas directly from American oil firm, Noble Energy without the mediation of companies in Egypt or abroad, Anadolu news agency reported.
Ahead of recent reports that the current regime in Egypt (headed by al-Sisi and controlled by the US) are trying to incorporate the Muslim Brotherhood into the political framework, there are now trade and infrastructure deals going through that will lift the burden off the Egyptians. It is interesting to note the timing of such deals that bring normality back to the lives of many, giving them a sense of relief and acceptance that any new change in government is a good change - even if it is a drastic compromise from an already compromised political party (Muslim Brotherhood).
From source:
A senior official from Egypt's natural gas holding company, EGAS, said on Sunday that Egypt plans to import Israeli natural gas directly from American oil firm, Noble Energy without the mediation of companies in Egypt or abroad, Anadolu news agency reported.
The Egyptian judiciary accused Salem, who is currently in Spain, of taking advantage of his partnership with the Eastern Mediterranean Gas Company, which exported Egyptian gas to Israel in 2008. He was acquitted of the charges last month.
A collective including British energy company B.G. Group, Spanish gas and electricity giant Unión Fenosa, and Egyptian investors led by businessman Alaa Arafa, signed a memorandum of understanding with Noble Energy to supply natural gas for the domestic market. The agreements are currently awaiting the formal approval of the Egyptian government.
Egypt suffers from frequent power cuts around the year due to shortages in natural gas.
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