Author(s): Hossam Bahgat
When news broke in February that an Egyptian firm named Dolphinus Holdingshad signed a US$15 billion deal to purchase Israeli natural gas for supply to Egypt, the Egyptian government refused to comment, portraying it as a private market transaction.
“The Ministry of Petroleum has no comment on private-sector negotiations or agreements regarding the import or sale of natural gas to Israel,” the ministry spokesperson said in a brief statement at the time.
That same day, Reuters quoted an anonymous Egyptian government official who said that the deal did not mean the government itself would import gas from Israel. “International private companies will import gas from abroad in the framework of their own needs,” the official said.
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