Egypt is set to invest $400 million in a new pipeline to connect with a line Israel is building to the Nitzana border crossing, a move that will significantly increase natural gas imports and strengthen Egypt’s energy security.
The investment follows a $35 billion gas deal between Egypt and the partners in Israel’s Leviathan field, according to a report by the Saudi London-based newspaper Asharq Business.
As a net importer of liquefied natural gas, the new pipeline is a critical component…
