Prime Minister Benjamin Netanyahu and Energy Minister Yuval Steinitz met yesterday with Egyptian Petroleum and Mineral Resources Minister Tarek el-Mulla, on a primary public go to to Israel. The final time an Egyptian senior official visited Israel was in 2016 when Foreign Minister Sameh Shoukry arrived in Jerusalem. In all, solely Egypt’s international and intelligence ministers had visited Israel prior to now 15 years.
Present on the Feb. 21 assembly had been additionally nationwide safety adviser Meir Ben-Shabbat, Israel’s Ambassador to Egypt Amira Oron, Egyptian Ambassador to Israel Khaled Azmi, and Magdy Galal, chair of the state-owned Egyptian Natural Gas Holding Company that manages Egyptian state shares in pure gasoline tasks.
The go to of Mulla targeted on selling the Eastern Mediterranean Gas Forum (EMGF), launched final yr, for the development of an undersea pipeline transferring liquified pure gasoline from Mediterranean-basin nations to Europe. Steinitz, along with Mulla, was behind the creation of this Cairo discussion board and the joint pipeline undertaking. Other members of the EMGF are Greece, Cyprus, Italy and Jordan, with France and the United States occupied with becoming a member of as observers.
Netanyahu warmly welcomed Mulla, stating it was an vital day, “marking our continued cooperation on energy and so many other things. There is a new era of peace and prosperity for the region with the Abraham Accords. This began of course with the historic peace treaty between Egypt and Israel, but now it is becoming something that can better the lives of all the people in economic terms, and we think that this is a great opportunity for regional cooperation — Egypt, Israel and the other countries. We are an energy hub. Together we can supply not only our own needs but the needs of many other countries.”
Mulla responded that “together with Minister Steinitz, we started a few years back the growth of the cooperation in vitality, which was enhanced by the inspiration of the East Mediterranean Gas Forum. I’m wanting ahead to our discussions.”
Steinitz famous that the go to was of historic significance. He mentioned that the institution of the regional gasoline discussion board and Israeli export of pure gasoline to Egypt symbolizes probably the most vital financial cooperation between the 2 nations for the reason that signing of the bilateral peace accord in 1979.
Israel’s central pure gasoline marine subject Leviathan already provides the Israeli home market and exports gasoline to Jordan and Egypt. Its predominant shareholders and operators are US-based Chevron (which bought Noble Energy final yr) and Israeli Delek Drilling. Leviathan’s companions have been exploring choices to broaden export capacities. They’re contemplating the development of a floating liquidation plant or subsea pipeline to hyperlink up with present liquidation terminals in Egypt which might be at present working at low capability.
After his assembly with Netanyahu, Mulla met with Foreign Minister Gabi Ashkenazi. “I emphasized our desire to deepen civilian ties and congratulated him on his work to promote cooperation in the field of energy between our countries. Energy is an anchor for regional stability and an example of the economic prosperity that our countries gain from peace,’’ tweeted Ashkenazi after the meeting.