The need to preempt Iran and export gas to Egypt was the reason the government gave to push through its controversial plan for Israel's natural gas. Now, this reason may no longer exist.
Italian energy giant Eni announced Sunday the discovery of what is potentially the largest natural gas field in the Mediterranean, off the coast of northern Egypt. Although the precise quantity of gas is not yet known, its discovery is sure to dramatically change the market in the Mediterranean natural gas arena, especially...
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