Egyptian gas find bad news for Israel, expert says

With its massive gas find in the Mediterranean, Egypt will “likely have to meet domestic needs first, before any export plans are discussed,” Robin Mills, a Dubai-based analyst at Manaar Energy Consulting, tells Bloomberg News.

“A find of this size should be enough to cover a lot of Egypt’s energy gap.”

He adds that “this will also put a damper on Israeli plans to export gas to Egypt.”

— AFP contributed.

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