Mohamed Mostafa, senior adviser to President Mahmoud Abbas on economic affairs, said that Egypt has become a major regional hub for energy and natural gas extraction and exportation.
In a statement to Voice of Palestine, Mostafa added: “the memorandum of understanding (MoU) that we signed yesterday with Egypt is aiming at developing Gaza gas field, and through this agreement we hope to extract this gas from the sea to be used by the Palestinians, and we will study the possibility of selling it to Egypt.”
On Sunday, Egyptian and Palestinian officials signed a memorandum of understanding (MoU) to develop a natural gas field off the coast of Gaza.
The Egyptian Minister of Petroleum Tarek El-Molla said in a statement that his visit to Palestine reflects the direct interest of the Egyptian leadership in cooperation between the two countries.
The signing of the MoU came on the sidelines of El-Molla‘s visit to Ramallah and Jerusalem. He met Palestinian and Israeli officials, including Palestinian President Mahmoud Abbas, Israeli Prime Minister Benjamin Netanyahu and Israeli Energy Minister Yuval Steinitz.