Mubasher: The agreement between Dolphinus Holdings and Israel to import $15 billion worth of natural gas will not be a burden on the Egyptian economy, according to Ramadan Abou El-Ela, a professor at the Faculty of Petroleum and Mining Engineering in Suez University.

Abou El-Ela told Mubasher that the agreement is limited to the state of Israel and the Egyptian company, noting that it has nothing to do with Egypt’s production.

The professor stressed that Egypt will no longer needs natural gas imports thanks to the Zohr giant field, however exports are currently challenged.

Egypt can even use this agreement to pressure Israel to pay its financial obligations to Egypt.

The production capacity of Zohr is expected to reach 6.2 billion cubic feet by mid-2018.