Jerusalem, 22 December 1999

PM Barak Praises Egyptian Decision to Export Natural Gas to Israel

(Communicated by the Prime Minister’s Media Adviser)

After being informed of the decision by Egyptian Ambassador to Israel Muhammad Bassiouny, Prime Minister Ehud Barak yesterday (Wednesday), 22.12.99, praised the Egyptian government’s decision to export natural gas to Israel. Ambassador Bassiouny further informed Prime Minister Barak that the pipeline will run via El Arish.

In the first stage, Egypt intends to export gas – via this project – to Israel and the Palestinian Authority and in later stages, to Turkey, Lebanon and Syria as well. The entire project will be known as the "Peace Pipeline."

Prime Minister Barak pointed out that he recently spoke with Egyptian President Hosni Mubarak and had wished success to those carrying out the project.

It should be noted that Israel and Egypt will jointly carry out the enterprise. The pipeline to Israel is expected to be completed in less than two years.