Afghan Voice Agency (AVA) - International Service: Israeli energy company Neomod has announced that it has signed a contract with Egypt to transfer 130 billion cubic meters of natural gas from the Leviathan field by 2040. The field is one of Israel's largest gas resources in the Mediterranean and is owned by Neomod, Ratio and Chevron.
This agreement is an expansion of the 2018 agreement between Egypt and the Israeli regime, according to which 4.5 billion cubic meters of gas were exported to Egypt annually. Now, by tripling imports, the Israeli regime is set to supply 15 to 20 percent of Egypt’s gas consumption.
Egyptian opposition parties have called the agreement “disgraceful” and have considered it a threat to the country’s national security.
Critics believe that the agreement was signed at a time when the Israeli regime is implementing a plan to completely occupy Gaza and that Egypt is indirectly financing the Israeli war machine with this agreement.
Popular movements and left-wing parties have called for the cancellation of the agreement and the cessation of economic relations with Israel.
The implementation of the agreement is subject to the completion of new export infrastructure, including a sea and land pipeline. The first phase will begin in 2026, and the second phase is still awaiting the start of construction projects.