Israel's alleged 'isolation' is once more refuted, as the leading commercial body in Egypt, the Federation of Egyptian Industries (FEI), has hailed the latest decision to begin import of natural gas from Israeli sources. See
this commentary from Algemeiner:
Egypt’s leading business organization has praised Cairo’s plans to import natural gas from Israel, saying that doing so will “yield many benefits.”
In another sign of the burgeoning security and commercial ties between the two countries since Abdel Fattah el Sisi became president of Egypt in 2014, the Federation of Egyptian Industries (FEI) said that that the deal with Israel would reduce import costs by relying on pipelines already installed by East Mediterranean Gas (EMG), the company that had supervised Egyptian gas exports to Israel before they were halted following the 2011 uprising that led to a Muslim Brotherhood government.
The government’s decision to take “serious steps in considering natural gas imports from foreign companies that won exploration rights in Israeli fields will yield many benefits,” said Tamer Abu Bakr, head of the FEI’s energy committee.
