A high-level Egyptian official has revealed massive financial returns that Egypt will reap over the next ten years from the resale of Israeli gas, in a strategic deal that has captured the interest of both economic and political analysts, after Tel Aviv officially approved the agreement last week.
It was explained that Egypt will receive approximately $11 billion from the resale of liquefied natural gas, which will be received by the two liquefaction plants on the Mediterranean Sea.
It was added that the gas will be sold under Egypt’s name and directly added to the gross domestic product, confirming that these returns are equivalent to three times the cost of the country’s gas liquefaction infrastructure.
It was indicated that the deal is not merely an economic matter, but comes within the context of Egypt’s independent stance and its steadfastness on regional issues, particularly its supportive position for Gaza and its opposition to plans for the forced displacement of Palestinians.
It was stated: “Egypt possesses strong reserves and alternatives that prevent any kind of blackmail or pressure. Israel cannot cut off electricity to Egypt or halt its industry, and we have three times what we import from them.”
It was further added: “Since October 2023, the pressures exerted on Egypt to accept the forced displacement of Palestinians have been far greater than this deal, yet Egypt has not budged an inch from its position. The gas deal will not make us concede our firm stance.”
It was confirmed that the agreement represents an opportunity for Egypt to secure additional resources in a way that enhances its ability to invest in energy infrastructure and transform gas into a strategic tool for the national economy, making Cairo stronger and more independent in its regional decisions.
Egypt
Egypt is home to one of the world’s oldest civilizations, with a recorded history spanning over 5,000 years and famed for its monumental pharaonic architecture like the Pyramids of Giza and the Sphinx. Its rich cultural legacy, from ancient hieroglyphs and mythology to its pivotal role in the Greco-Roman and Islamic worlds, continues to define its national identity. Modern Egypt remains a major political and cultural center in the Arab world, centered on the Nile River.
Israel
Israel is a country in the Middle East, established as a modern state in 1948 following a United Nations partition plan. It is a historic homeland of the Jewish people, containing significant religious sites for Judaism, Christianity, and Islam, such as Jerusalem’s Western Wall and the Dome of the Rock.
Mediterranean Sea
The Mediterranean Sea is a historically significant body of water bordered by Southern Europe, North Africa, and Western Asia, serving as a crucial crossroads for trade, cultural exchange, and empire-building since ancient times. Its shores were home to foundational civilizations like the Egyptians, Phoenicians, Greeks, and Romans, whose maritime activities shaped the region’s history.
Gaza
Gaza is a coastal city in the Palestinian territories with a history dating back over 3,000 years, having been ruled by numerous empires including the Egyptians, Philistines, Romans, and Ottomans. It is a densely populated urban center that holds significant cultural and historical importance in the region. In recent decades, it has been a focal point of the Israeli-Palestinian conflict and is administered by the Hamas movement.
Cairo
Cairo is the sprawling capital of Egypt, founded in 969 CE by the Fatimid dynasty near ancient capitals like Memphis. It is famously home to historic Islamic districts, the Egyptian Museum, and the nearby Giza pyramid complex, which dates back over 4,500 years.
Tel Aviv
Tel Aviv is a major coastal city in Israel, founded in 1909 as a modern Jewish suburb of the ancient port of Jaffa. It later grew to become the country’s economic and technological center, renowned for its UNESCO-listed Bauhaus architecture in the White City district.
