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Israel's Leviathan signs $35B natural gas supply deal with Egypt
- michael1999 1y agoI'm amazed that Egypt still uses gas for 80% of their electricity. I would think they'd be perfect for wind and solar.
- alephnerd 1y ago1. Perverse incentives [0] Egypt is a heavily statist country, and energy SoEs like Egyptian General Petroleum Corporation (EGPC) and their subsidiaries are all ONG heavy. They are also a major employer in Egypt. This is the one risk that seems to never be mentioned in conversations around renewable energy - the biggest barrier to the energy transition is the job loss implications. 2. Fertilizers [1] Manufacturing fertilizers requires NatGas for ammonia (NH3) synthesis. Egypt is one of the world's largest fertilizer manufacturing hubs [2] ---------------- This is why ONG+fertlizer heavy countries like Egypt are trying to investigate the feasibility of green hydrogen [3] [0] - https://www.reuters.com/business/energy/egypt-rushes-catch-up-solar-energy-gas-prices-soar-2025-01-13/ https://www.reuters.com/business/energy/egypt-rushes-catch-u... [1] - https://www.reuters.com/business/energy/egyptian-fertilizers-companies-halt-operations-after-israeli-gas-imports-drop-2025-06-13/ https://www.reuters.com/business/energy/egyptian-fertilizers... [2] - https://m.youm7.com/story/2024/4/15/%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%A3%D8%B3%D9%85%D8%AF%D8%A9-%D9%82%D8%A7%D8%B7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D9%88%D8%B3%D8%B9-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D9%86%D8%B9-%D9%8A%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA/6544658 https://m.youm7.com/story/2024/4/15/%D8%B5%D9%86%D8%A7%D8%B9... [3] - https://www.atlanticcouncil.org/blogs/new-atlanticist/the-green-gold-rush-why-renewable-energy-is-egypts-next-big-opportunity/ https://www.atlanticcouncil.org/blogs/new-atlanticist/the-gr...
- buyucu 1y agoEgypt is run by a dictatorship that is basically an Israeli puppet.
- alephnerd 1y agoMore like Egypt requires fertilizers in order to maintain it's domestic industry. Cheap NatGas means cheap ammonia synthesis, which means cheap fertilizers. Sinai has also been in the midst of a violent Islamist insurgency [0] which can be further exacerbated by the security situation in Gaza. [0] - https://www.brookings.edu/wp-content/uploads/2017/05/de-securitizing-counterterrorism-in-the-sinai-peninsula_aziz_english.pdf https://www.brookings.edu/wp-content/uploads/2017/05/de-secu...
- weatherlite 1y agoSure, Israeli puppet. Either you're a fanatical Islamic regime like Iran or you're an "Israeli puppet".
- lr0 1y agoNo, he is really an Israeli puppet.
- DiogenesKynikos 1y agoHe's more of an American puppet, and part of the deal is that he sucks up to Israel. It's a minor difference, but it is a difference.