Israel To Export Natural Gas To Egypt In A Few Months

Israel will start exporting natural gas to Egypt within a few months, a crucial development in the Jewish state’s plans to sell its increasing gas-manufacturing services worldwide.

As part of this development, it also aims to improve diplomatic relations with existing nations, including Egypt, and forge new ones.

Without specifying an amount, Energy Minister Yuval Steinitz said on Monday that exports would double, and that shipments to Egypt are projected to reach 1.85 trillion gallons annually within a decade.

He said that about half of the exports were projected to be utilized for Egypt’s domestic economy and half will be liquefied to be re-exported.

(JNS)

{Matzav.com}