Following the discovery of huge natural gas reservoirs off the Israeli coast, the former energy-dependent nation is hoping to become a gas producer.
As EU energy policy and its wider strategy vis-a-vis Russia come under the spotlight, some smaller EU members are taking energy policy into their own hands. Sofia's aim of buying Israeli gas could be a case in point.
Past economic agreements with Israel have been controversial in Egypt, where support for the Palestinians runs high. But this major gas deal adds to growing strategic and diplomatic ties between the countries.
Germany has welcomed a planned rise in US gas exports to the EU. But combined with Washington's opposition to a Russian-German gas pipeline, the move highlights Berlin's complex position between Moscow and the US.
A spate of recent deals and gas finds in the eastern Mediterranean Sea has positioned Egypt to be a major energy hub. Turkey, which is flexing its military muscles, may be left out.
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