By Micah Halpern
I've Been Thinking:
The tables have turned!
2.5 years ago Islamic terrorists of the Muslim Brotherhood were blowing up the natural gas pipeline that led from Egypt to Israel.
They were upset that Egypt was providing gas to Israel.
Thirty months later, Israel and Egypt have signed an agreement. This time Israel is providing Egypt with natural gas and using the same pipeline. But now the pipeline is more secure. Egyptian President al Sisi believes he can provide the line the protection it needs.
Over the next 3 years Israel will regularly provide a minimum of 5 million cubic meters of natural gas to Egypt.
Egypt has not yet recovered from their internal turmoil and crisis. The Egyptian economy, especially their oil and natural gas industry, is dependent on outside powers for a jump start - and it has barely moved.
Egypt has a long way to go. They need to import. And the perfect partner is Israel which is now marketing their newly discovered natural gas resources.
Strange but true, just the way things happen in the Middle East.
Micah@MicahHalpern.com
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