{"id":632795,"date":"2018-02-20T04:16:15","date_gmt":"2018-02-20T04:16:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/usd-15-bn-gas-pact-with-israel-dominates-the-debate-on-the-airwaves\/"},"modified":"2018-02-20T04:16:15","modified_gmt":"2018-02-20T04:16:15","slug":"usd-15-bn-gas-pact-with-israel-dominates-the-debate-on-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/usd-15-bn-gas-pact-with-israel-dominates-the-debate-on-the-airwaves\/","title":{"rendered":"USD 15 bn gas pact with Israel dominates the debate on the airwaves"},"content":{"rendered":"

<\/a> Business ruled the airwaves last night. <\/strong>Dolphinus Holdings\u2019 USD 15 bn natural gas import agreement with Israel\u2019s Delek Drilling and Noble Energy dominated the debate, causing a stir that had Oil Minister Tarek El Molla calling up the nation\u2019s talking heads all night to explain how the deregulation of the natural gas industry will work.<\/p>\n

Talking point number one: A pending arbitration award against Egypt in favor of Israel will be resolved before any natural gas is actually imported,<\/strong> especially since the agreement is still pending regulatory approval, El Molla told Lamees Al Hadidi on Hona Al Asema. He said that while the Oil Ministry does not have full details on the agreement, there\u2019s no in-principle objection. The transaction will help Egypt become a regional energy hub, the minister noted, adding that achieving self-sufficiency on natural gas does not mean the end of imports.<\/p>\n

Talking point number two: The agreement will benefit the Egyptian economy, <\/strong>El Molla said. He explained that not only will natural gas importers pay the state to use its infrastructure for transport and distribution, but that imports will bring idle liquefaction plants back into service. The Israeli gas could serve both domestic demand and exports, he noted. (watch, runtime: 56:16<\/a>).<\/p>\n

Talking point number three: The Natural Gas Act has opened the market up to the private sector<\/strong>, El Molla told Amr Adib on Kol Youm. <\/strong>The government has blessed the agreement but is not party to it, El Molla told a perturbed Adib, who was made anxious by Israeli Prime Minister Benjamin Netanyahu, who he said implied in his speech yesterday that the agreement was struck between the governments of Israel and Egypt (watch, runtime: 25:22<\/a>).<\/p>\n

El Molla also spoke to Masaa DMC\u2019s Eman El Hosary (watch, runtime: 9:02<\/a>).<\/p>\n

The business community welcomed the agreement. <\/strong>The head of the Union of Egyptian Gas Investors, Mohamed Saad El Din, told Adib that importing gas from Israel will help turn Egypt into a hub for processing and liquefaction (watch, runtime: 3:27<\/a>).<\/p>\n

The agreement is expected to come into effect in 10-12 months\u2019 time,<\/strong> unnamed sources told Yahduth fi Masr\u2019s Sherif Amer (watch, runtime: 10:00<\/a>).<\/p>\n

Back on Hona Al Asema, Lamees spoke to former oil minister Osama Kamal, <\/strong>who had to downplay the notion that the import agreement is a back door to \u201cnormalization with Israel.\u201d Politics play no part in an agreement that is fundamentally good for the economy, Kamal added (watch, runtime: 4:36<\/a>).<\/p>\n

You\u2019re better and smarter than that, Lamees: <\/strong>Hadidi wondered whether Egyptians would be okay with using Israeli natural gas.<\/p>\n

From the tinfoil hat, anti- \u201cnormalization\u201d camp, we have Rep. Mohamed Badrawy, who thinks not. <\/strong>An angry Badrawy said a pact of this size should not have been made with Israel, adding that it was unnecessary since Egypt is moving towards self-sufficiency. He said the House representatives are planning to submit an official inquiry to the government (watch, runtime: 5:40<\/a>).<\/p>\n

Meanwhile on Masaa DMC,<\/strong> El Hosary interviewed EGX deputy head Mohsen Adel (watch, runtime: 3:42<\/a>) and phoned Finance Minister Amr El Garhy to discuss IMF Managing Director Christine Lagarde\u2019s most recent props for Egypt\u2019s progress on economic reform (watch, runtime: 5:09<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Business ruled the airwaves last night. Dolphinus Holdings\u2019 USD 15 bn natural gas import agreement with Israel\u2019s Delek Drilling and Noble Energy dominated the debate, causing a stir that had Oil Minister Tarek El Molla calling up the nation\u2019s talking heads all night to explain how the deregulation of the natural gas industry will work. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632795","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"930b9c67-584f-4018-a29e-956c07114803","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[632788],"teaser":"","voice_url":""},"yoast_head":"\nUSD 15 bn gas pact with Israel dominates the debate on the airwaves - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/usd-15-bn-gas-pact-with-israel-dominates-the-debate-on-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 15 bn gas pact with Israel dominates the debate on the airwaves\" \/>\n<meta property=\"og:description\" content=\"Business ruled the airwaves last night. 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Follow covid protocol or close, Saad tells shop owners: Cabinet spokesperson Nader Saad warned shop and mall owners that\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559105,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/last-nights-talk-shows-on-10-january-2021\/","url_meta":{"origin":632795,"position":3},"title":"Last Night\u2019s Talk Shows on 10 January 2021","author":"enterpriseam admin","date":"10 January 2021","format":false,"excerpt":"The talk shows were awash with natgas and covid news last night:El Molla talks natgas: Kelma Akhira\u2019s Lamees El Hadidi phoned Oil Minister Tarek El Molla to discuss the natgas transition plan and updates on the Damietta LNG plant (watch, runtime: 15:24): The natgas transition plan: The government is planning\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559696,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/last-nights-talk-shows-on-1-february-2021\/","url_meta":{"origin":632795,"position":4},"title":"Last Night\u2019s Talk Shows on 1 February 2021","author":"enterpriseam admin","date":"1 February 2021","format":false,"excerpt":"Besides the AstraZeneca vaccine updates, the talk of the town on the airwaves was a rumor of a fresh viral outbreak in China. Chest disease professor Ali Al Waari poured cold water on the reports that the Nipah virus is spreading in Wuhan in a phone-in to Kelma Akhira with\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599881,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/ci-capital-conference-egypt-jordan-meeting-lead-tv-talks\/","url_meta":{"origin":632795,"position":5},"title":"CI Capital Conference, Egypt-Jordan meeting lead TV talks","author":"enterpriseam admin","date":"14 January 2019","format":false,"excerpt":"No particular issue dominated the airwaves last night. 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