Egypt Not Mediterranean Gas Boss, Yet

 Israel's Prime Minister Benjamin Netanyahu, left, discusses energy cooperation with Egyptian President Abdel Fattah el-Sissi; Egyptian Petroleum Minister Tarek El Molla, right, at a joint news conference with Cyprus Energy Minister Yiorgos Lakkotrypis

Egypt aspires to be a regional energy market hub. Positioned on the Mediterranean Sea and between European markets and Middle East suppliers, Egypt has a developed energy infrastructure for refining, storage, and exporting oil and gas. “The country faces challenges, including maintaining equidistance from the region’s various tensions, reforming its legal framework for regional gas deals and effectively communicating its activities to the Egyptian population,” explains Mohamed El Dahshan, managing director of OXCON Frontier Markets and Fragile States Consulting. He adds this is “no easy matter given the complex history of regional gas cooperation, Egypt’s own regional energy relations, and its need to subdue public opinion with the necessities of regional cooperation around natural resources, which know no political frontiers.” The most recent Israeli-Egyptian gas cooperation agreement underscores the challenges. El Dahshan analyzes the history and urges improved policy development and communication with Egyptians. – YaleGlobal