The Game: Gas frenemies
Within the portfolio of fossil fuels, liquefied natural gas (LNG) is the least contentious form, so there’s a soaring demand for it.
That’s good for Egypt and its former foe, Israel.
Earlier this year, Egypt agreed to buy gas from Israel. It made sense because Egypt has liquefaction facilities, Israel does not.
It was also contentious, given their decades of bitter rivalry; not to mention, Egypt has its own reserves of gas.
But it was a smart move.
Egypt wants to become a Mediterranean “gas hub”. For that to happen it not only needs to produce, consume, and export gas,