Monday May 20th, 2024
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Where in the World is...Egypt's Gas?

President Sisi affirms that Egypt's gas supplies are not being sold to Israel, begging the question: where are Egypt's gas reserves going?

Staff Writer

Where in the World is...Egypt's Gas?

Egypt is not selling off our vital gas supplies to Israel after all, President Abdel Fattah El-Sisi claims.

The statement comes just weeks after Al-Jazeera aired a groundbreaking documentary aimed at exposing the Mubarak regime's dodgy gas dealings with the Zionist state. It is thought that the reserves were sold at well below market value - leaving Egypt facing a gas shortage.

However in a meeting with state-owned and independent newspapers editors earlier today, Sisi said, "Egypt no longer exports natural gas to Israel." 

The news will leave many wondering why Sisi, who is currently asking ordinary Egyptians to use their hard earned cash in a bid to bail out the country, would refuse to sell the country's gas reserves - at a fair price - to one of the wealthiest countries on the planet.

In 2012 Egypt announced that it canceled a 20-year-long agreement of exporting natural gas to Israel that it signed in 2005. The decision was supported by Egyptians, but both sides said that commercial disputes, and not a political row, were behind the fallout.

The opposition has criticized this deal saying that Egyptian gas was sold at cheaper prices than the market. Toppled President Hosni Mubarak and his two sons are being tried on corruption charges related to the export of gas to Israel.

However - all of this leaves just one question remaining. If the government is to be believed and none of Egypt's gas reserves are being sold to Israel - where in the world is Egypt's gas?