(JNS) Zvi Mazel - Selling gas to neighboring countries enables Israel to make the most of short distances and lower transportation costs. Egypt needs Israeli gas to palliate insufficient production until the mammoth Zor offshore field starts supplying enough gas for home consumption and export. Production started a few weeks ago, but it won't run at full capacity until the end of 2019, and it will take another three years for Egypt to be self-sufficient. Some of the gas from Israel will be exported to meet Cairo's contractual obligations to British Gas and Fenosa from Spain that it has been unable to fulfill. The writer, a fellow of the Jerusalem Center for Public Affairs, is a former Israeli ambassador to Egypt.
2018-02-28 00:00:00Full ArticleBACK Visit the Daily Alert Archive