Cairo is set to strengthen its role as a regional energy hub with a $400 million investment in a new natural gas pipeline that will transport fuel from Israel’s Leviathan offshore field. The project, officials say, will enhance Egypt’s gas supply capacity while boosting regional energy cooperation.
The pipeline is expected to expand the volume of Israeli gas exported to Egypt, where it will be processed at liquefaction facilities and re-exported to European and Asian markets. Analysts note that the deal underscores the growing interdependence of Eastern Mediterranean energy producers amid rising global demand.
“Egypt is positioning itself as the gateway for Eastern Mediterranean gas to reach global markets,” said energy analyst Karim El-Sharif. “This investment not only secures domestic energy needs but also enhances the country’s geopolitical leverage.”
The Leviathan field, discovered in 2010, remains one of the largest natural gas reserves in the region. With this new project, Egypt aims to solidify long-term supply agreements and strengthen economic ties with Israel, despite historical political sensitivities.
Industry insiders believe the move could also attract additional foreign investment into Egypt’s energy infrastructure, signaling confidence in the nation’s role as a reliable transit point for natural gas exports.
