Catch up with small business news from Asia and the Pacific
Provided by AGP
Egypt, Lebanon Strike Gas Pipeline Agreement
(MENAFN) Egypt inked a landmark agreement with Lebanon on Wednesday to rehabilitate gas pipelines and energy infrastructure, deepening Cairo's push to stabilize the crisis-stricken country's battered energy sector.
The signing came just two days after Jordan, Syria and Lebanon unveiled a trilateral plan to resurrect the Arab Gas Pipeline — a regional artery designed to channel Egyptian gas supplies across the Levant.
Egyptian Prime Minister Mostafa Madbouly attended the ceremony at the government headquarters in Egypt's New Administrative Capital, east of Cairo, according to a cabinet statement. The agreement was formalized by Egyptian Petroleum Minister Karim Badawi and Lebanese Energy Minister Joe Saddi.
Madbouly said the deal builds directly on commitments made during his Beirut visit last December, reaffirming Cairo's dedication to rebuilding Lebanon's energy infrastructure and securing sustainable long-term supply lines.
The two ministers subsequently convened for broader talks on expanding bilateral energy cooperation, with Badawi describing the accord as a pivotal step toward reinforcing collaboration in the oil and natural gas sectors while bolstering regional energy security.
The diplomatic flurry follows an announcement earlier this week by Jordanian Energy Minister Saleh Kharabsheh that Jordan, Syria and Lebanon had reached a natural gas exchange agreement through the Arab Gas Pipeline. Under that arrangement, Jordan would import liquefied natural gas, convert it and pump it through the pipeline to Syria and Lebanon, according to a Jordanian public broadcaster.
Stretching over 1,200 kilometers — roughly 745 miles — the Arab Gas Pipeline was originally engineered to funnel Egyptian natural gas to Levant nations and potentially onward to Europe. The project sat largely dormant after 2011, hobbled by the conflict in Syria and US sanctions imposed during the rule of Bashar al-Assad. Those restrictions were subsequently lifted following Assad's ouster and the formation of a transitional government under President Ahmad al-Sharaa.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
