Reuters quotes Global Energy Center Nonresident Senior Fellow Brenda Shaffer on the effect Egypt’s discovery of gas will have on Israel’s gas exports:
“For Israel, this closes the option of exports to Egypt but the real motherload for Israel was the domestic market,” said Brenda Shaffer, energy specialist at the University of Haifa.
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“This is important geopolitically for Egypt, it’s a sign of confidence in (President Abdel Fattah) al-Sisi’s economic policies,” Shaffer said. (Additional reporting by Tova Cohen in Tel Aviv, writing by Oleg Vukmanovic, editing by William Hardy)