Energy director Eli Cohen claimed that his determination had caused his US counterpart to omit an upcoming trip. A new escalation of common angst between Israel and the Trump presidency, according to Eli Cohen, Chris Wright, the US power secretary, and his refusal to comply with his request. Cohen’s choice makes matters more complicated for Israel’s relationship with the US, which is lobbying for Chevron, a co-owner of Israel’s Leviathan gasfield, as the main cause of the proposed imports to Egypt. The spokesperson for the US energy secretary did not comment on the trip, but it said it was in favor of” Chevron’s Leviathan platform expansion.” If approved, the deal would almost triple the normal gas flows from Leviathan to Egypt, increasing its reliance on Israeli oil at a time when Egyptian are furious over their neighbor’s destructive offensive in Gaza. The bargain made by Israeli power company NewMed has been hampered by social tensions between Israel and Egypt. While Egypt’s leader Abdel Fattah al-Sisi has referred to the Jewish rude as a murder, Cohen himself has demanded that both Rafah and Gaza City be completely destroyed. Israel’s government has also taken jobs close to Gaza’s border, which is a source of conflict. Egypt’s brains chief met with Israeli Prime Minister Benjamin Netanyahu just to discuss a fragile peace, and Egypt has been instrumental in facilitating it through mediating between Israel and Hamas. Cohen’s office, however, said he wouldn’t approve the deal “until Jewish interests are secured and a good value for the Jewish market is agreed upon,” and that Cohen’s office had framed the situation in business terms. He ignored a text message and telephone call seeking additional information. According to NewMed, there hasn’t been any shift to the agreement. We are convinced that the deal will be fully implemented and that all necessary certifications will be forthcoming, the statement read. According to a person with knowledge of the situation, the dispute centered on the price NewMed is attempting to charge its Jewish customers in ongoing discussions. The man said that this is not a business dispute between Israel and Egypt. In Israel, there is a domestic business debate. By 2029, NewMed may have received an additional 7.5 billion bcm of natural gas, the majority of it through a fresh network, thanks to the agreement, which was signed in August. At the time of the filing, NewMed announced that it would be investing$ 2.5 billion to chisel two new well. One of the largest gasfields in the Mediterranean, Levithan, which is co-owned by NewMed, Chevron, and Ratio Oil, has approximately 600 bcm of creation, which is anticipated to continue until 2064. Israel has vowed to use that oil to strengthen its ties to its neighbors, including Jordan and Egypt, by facilitating trade deals that increase Israel’s dependence on a former adversary and to increase its position as a big energy producer in the Mediterranean. Jamie Smyth and Malcolm Moore both provided further reporting in New York and London.
The energy minister of Israel stalls a$ 35 billion natural gas deal with Egypt
