Egypt Signs Contract to Import Palestinian Natural Gas from Israel*
Reminder here, it is called the Palestinian Occupied Territories, so who does the gas really belong to.
The owners of an Israeli offshore gas field said they are in the process of signing a 15-year deal to export 4.5 billion cubic metres of gas to a Spanish-owned liquefaction facility in Egypt.
The company which owns the right of exploration at Israel’s Tamar natural gas field signed a memorandum of understanding to sell natural gas to the Spanish company Unión Fenosa which together with the Italian company INI owns the gas liquefaction plant at Dumyat.
Israel’s economic newspaper Calcalist described the deal that was signed on Monday as the first contract to sell Israeli gas to Egypt noting that a similar contract was signed several months ago with the Jordanian Potash company.
The newspaper said the understanding paves the way…
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