Israeli Minister of Energy, Dr. Yuval Steinitz, performed the first official visit of an Israeli minister in Egypt since the Arab spring in 2011.
Minister Steinitz was invited to attend the first East Mediterranean Gas Forum. He was invited by the Egyptian government.
In the beginning of 2018, Israel and Egypt reached a deal on exporting Israeli natural gas to Egypt from Israel’s reservoirs.
The forum included bilateral meetings along with the Egyptian Energy Minister. The topics discussed were increasing the cooperation between Egypt and Israel in the field of energy, including cooperation in the field of exporting gas from Israel and Egypt to Europe.
Minister Steinitz: “I thank the Egyptian Energy Minister for the invitation to visit Cairo. This is additional evidence that the benefits from developing the reservoirs in Israel are not only economic and environmental, but also geopolitical. In fact, this is the first meaningful economic cooperation between Israel and Egypt since the peace treaty was signed in 1979”.
Minister Steinitz was invited back to Egypt in May 2019, when a new organization is expected to be announced: the Mediterranean Natural Gas Organization, with participating countries: Israel, Egypt, Italy, Greece, Cyprus, Jordan and the Palestinian Authority, alongside the Energy Commission of the European Union.