Israel will begin exporting an additional 2.5 billion cubic meters of gas to Egypt this month via the Jordan pipeline. In addition to the existing Ashkelon El Arish pipeline, the new route will boost gas shipments to Egypt by more than 50%
The Israeli Ministry of National Infrastructures, Energy and Water Resources has noted that the deal will provide an economic boost and strengthen relations between the African and middle Eastern countries in the Eastern Mediterranean.
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Building on three successful editions, the fourth edition, taking place on 3-4 December in Senegal, will open further deal-signing opportunities for regional and foreign investors.
While some analysts propose that existing discoveries hold enough oil and gas to meet global demand for the foreseeable future, others argue that the remaining supply will not sustain us beyond the next quarter century.
Africa’s gas resources stand to play a central role in achieving regional and global energy security, while meeting climate targets.
