Gas brings Israel and Egypt closer than ever | WHAT REALLY HAPPENED


Gas brings Israel and Egypt closer than ever

The alliance between Israel and Egypt is now stronger than ever.

Egyptian ruler Abdulfattah al-Sisi acknowledged recently that the two countries have been cooperating to an unprecedented level on security in the Sinai peninsula. Following that admission, Israel and Egypt have reached a deal on their most significant economic cooperation to date.

Israel is taking part in preparations for establishing the Eastern Mediterranean Gas Forum. That gas market – to be based in Egypt – will include Jordan, Italy, Cyprus, Greece and the Palestinian Authority.

The forum aims to “create a regional gas market that serves the interests of its members by ensuring supply and demand, optimizing resource development, rationalizing the cost of infrastructure, offering competitive prices and improving trade relations,” Egypt’s petroleum ministry stated, according to Reuters.

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