Israel’s Genocide in Gaza | 2023- till present
- Thread starter Ali_Baba
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Persian Gulf
INT'L MOD
The SC
INT'L MOD
Egypt is walking in two paths; the politics and economics, but the two are opposite of each other .... It is very clear that Egypt knows that the Netanyahu government's life is short politically.
In reality there is no new agreement. The first agreement was amended in 2018 and the supply period was extended to 2040, with an increase in the price of 14%..
The Leviathan field began exporting gas to Egypt shortly after its start in January 2020, and it currently supplies 160 billion cubic feet annually to Blue Ocean - as part of a larger deal covering 2.1 trillion cubic feet of supplies - in addition to the daily sales that are interrupted, which are compensated for the total contracted amount.
This contract is expected to end in the early thirties of the current century, and it will eventually be replaced by the current agreement consisting of two phases. The first covers the sale of 700 billion cubic feet of gas, and the second includes the sale of 3.88 trillion cubic feet.
According to a statement issued on Thursday, the New Meed Energy company listed in Tel Aviv, a major partner in Levithan, the 35 billion dollar agreement covers the export of about 4.59 trillion cubic feet of gas between 2026 and 2040, or until all the contracted quantities are met.
Egypt has a consumer need for Gas and it is the only country in the region with gas Liquefaction plants..with Export contracts for Europe..
Expected economic gains:
The gains are divided into three main axes:
1- Returns of re-export
- If Egypt re -exports 60% of the gas after liquidating it, it will achieve a net return of $ 22 billion until 2040.
Return details:
- Cost of purchase: $ 7/mmbtu
Global Export Price: $ 15/MMBTU
- The net difference: $ 8/mmbtu
- The quantity re-exported: 78 billion cubic meters ≈ 2.75 billion MMBTU
- Total return: 22.03 billion dollars
2- Additional gains
Usage fee (Edko and Damietta plants): ranging between $ 1.5 and 2$/MMBTU
- Transport fees via the Egyptian pipeline network.
Tax returns and employment resulting from technical and logistical operations inside Egypt.
3. Providing hard currency and reducing fuel imports
The use of the remaining 40% locally eliminates the need to import liquid fuel (liquefied gas and diesel), which improves the trade balance and enhances foreign exchange reserves.
Total expected gains:
- Re-export: 22 billion dollars
- Additional gains: 30 billion dollars
- Total total: $ 52 billion
Compared to possible alternatives:
Although theoretical options are present, the alternatives face great challenges:
Cyprus: The "Aphrodite" field is promising, but its development is stumbling, and the plan to transport gas will not be completed before 2027 or 2028.
Global LNG (LNG): It is very expensive, at a cost ranging between 9.5 and 16.5 dollars/MMBTU, compared to 6 to 8 dollars for Israeli gas. The difference is 27.5 billion dollars.
Iraq and Libya: Despite the possibilities, the political and security conditions and the absence of infrastructure make dependence on them currently.
The result: Israel is the only source currently able to meet Egypt's needs in large quantities, at competitive prices, and with stability in flows.
Strategic and political impact
The deal is strengthened by Egypt's position as a regional energy center, especially within the East Mediterranean Gas Forum (EMGF), where Cairo is its headquarters and owns the only infrastructure that qualifies to liquefy and export gas to Europe.
Egypt is also devoted as a major partner of the European Union in the energy security file, in light of Europe's endeavor to rely on Russian gas, which gives Egypt diplomatic and economic influence and opens the door to European infrastructure financing and investments.
Nevertheless, Egypt's political position vis a vis Israel is still one that has not changed and its pressure on the Israelis will not stop regarding the Gaza strip, and it will not pass the displacement plan even if the sky meets the ground ... Egypt is a strong state..
Ficus
Registered Member
I wonder what will happen when the annexation happens and they’re unable to contain the overflowing refugee situation in Rafah. On top of that, Sissi is widely unpopular in Egypt.
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Persian Gulf
INT'L MOD
Hassan Al-Somal
Elite Member
"According to the report
Mediators Egypt and Qatar are working on a new proposal to stop the war on the Gaza Strip, with its most important points being:
The release of all Israeli prisoners.
Israeli withdrawal from the Gaza Strip.
Freezing of weapons in the hands of Hamas (not using them).Hamas stepping down from managing Gaza.
Formation of an Arab administration to manage Gaza."
Mediators Egypt and Qatar are working on a new proposal to stop the war on the Gaza Strip, with its most important points being:
The release of all Israeli prisoners.
Israeli withdrawal from the Gaza Strip.
Freezing of weapons in the hands of Hamas (not using them).Hamas stepping down from managing Gaza.
Formation of an Arab administration to manage Gaza."
Oldenwisdom...قول بزرگ
Trusted Member
Isn't this exactly the plan from the get go? The moral relativists can rejoice at the prospects...
Need some closing "technalogia" insert to finish the meme script.
Egyptians are perennially on the hook... on the doe yet spiraling.
That_Guy
THINK TANK: CONSULTANT
Unfortunately, the USA recognition is the only one that matters, and Israel knows it.
Just like with the apartheid in South Africa, a single phone call from the USA can end this entire genocide.
Hassan Al-Somal
Elite Member
That_Guy
THINK TANK: CONSULTANT
Israel won't accept this.
Their goal is annexation, and ethnic cleansing.
So long as they have US backing, they don't give a shit about peace.
Oldenwisdom...قول بزرگ
Trusted Member
They're setting trip wires for a buildup towards massive blowback down the road. I think deep down everyone knows which direction it is headed.
Khorasan Black Flags
Trusted Member
BOOM BOOM BOOM
Hassan Al-Somal
Elite Member
"Urgent | Hamas: Our people and their resistance are defiant against breaking or surrendering, and Netanyahu's plans and delusions will end in failure."
Hassan Al-Somal
Elite Member
Hassan Al-Somal
Elite Member
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