Egypt persuades Israel to extract Gaza’s natural gas
Al-Monitor obtained information from Palestinian and Egyptian officials about the success of Egyptian mediation in pushing Israel to allow the start of extracting natural gas off the coast of the Gaza Strip.
GAZA CITY, Gaza Strip — Egypt succeeded in persuading Israel to start extracting natural gas off the coast of the Gaza Strip, after several months of secret bilateral talks, according to information provided to Al-Monitor by an official in the Egyptian intelligence service and a member of the PLO Executive Committee.
This development coincides with the rising global energy prices caused by Russia's war on Ukraine, while European nations seek alternatives to Russian gas ahead of the winter season.
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