Egyptian ex-minister discloses gas pipeline details
Former Egyptian Minister Osama Kamel revealed that the offshore gas pipeline project linked to Gaza and Israel was political in nature, aimed at maintaining calm and connecting Palestinian and Israeli interests within the framework of the Oslo Accords. Work on the pipeline began at the end of 1999 after completing the studies and agreements, with the goal of ensuring stability in the region. He also confirmed that the gas sector makes a significant contribution to the Egyptian economy, attracting foreign investments ranging between $8 billion and $10 billion annually. However, Egypt’s delayed payments have led to a reduction in investments, bringing the figure down to $6 billion.
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