The increasing military tension and the possibility of a geopolitical deadlock in the Eastern Mediterranean has increased the risks and challenges for Egypt’s already fragile energy industry. This report represents a guide to understanding Egypt’s energy conundrum in the Eastern Mediterranean.
Egypt is now heavily dependent on energy supply from the newly discovered gas fields in the Nile delta, as well as natural gas imports from Israel. The increasing military tension and the possibility of a geopolitical deadlock in the Eastern Mediterranean, however, has increased the risks and challenges for Egypt’s already fragile energy industry. The recently signed maritime border demarcation agreement between Greece and Egypt, for instance, has added a new dimension to the geopolitical rivalry in the eastern Mediterranean. In this context, this report represents a guide to understanding Egypt’s energy conundrum in the Eastern Mediterranean.
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