Page 30 - Issue 72

V O L .1 E L I T E ISSUE 72

The largest gas export agreement in Israel's history with
Egypt

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Alyaa Mostafa - Political Science - 4 Year

Egyptian-Israeli relations have gone through
multiple and different stages, and even though
Egypt signed a peace treaty with Israel in 1979,
and developed economic and trade ties between
both countries gradually. Still, the popular and
civil stance opposes this occupying entity and
strongly rejects it.
Despite the economic benefits for Egypt, the
terms of this agreement, especially those
recently amended, include unfair conditions for
the Egyptian side. Similar agreements that span
long periods often stipulate a margin for
negotiation between the two parties in case of
significant fluctuations in international market
prices. The absence of flexibility in case of price
drops gives the other party (Israel) a stronger
After it was Egypt who exported natural gas to negotiating position.
Israel in 2005 for 2o years, Egypt signed an What is disappointing and quite disturbing here
agreement to import gas from Israel in the year is the timing, because the extension of this
2019, so Egypt has become an importer of gas agreement happened during the continuous
from Israel instead of being an exporter. In aggression of the occupying entity against the
2025, the company 'New Med Energy' Palestinian territories and the Palestinian people
associated with Israel announced that the by using all and various criminal and
agreement for the export of Israeli gas to Egypt internationally prohibited means, including but
has been extended until 2040, bringing the total not limited to, the policy of starvation and
contracted quantity to 130 billion cubic meters genocide against the civilians in Gaza Strip in 30
in two phases worth 35 billion US dollars. front of the entire world.