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Rashwan: Egypt gas deal purely commercial, no political dimensions

Businessmen Team news 18 December 2025 08:28 PM
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Rashwan: Egypt gas deal purely commercial, no political dimensions

Diaa Rashwan, head of the State Information Service, confirmed that reports circulated on some media platforms and social media regarding the gas deal between Egypt and Israel concern a purely commercial agreement. He emphasized that the deal was concluded solely based on economic and investment considerations and carries no political dimensions or understandings of any kind.

Rashwan noted that the agreement is a commercial contract governed by market rules and international investment mechanisms, entirely free from political use or interpretation.

The head of the State Information Service stressed that the parties to the deal are well-known international energy companies, including the U.S.-based Chevron, alongside Egyptian firms specialized in gas reception, transport, and trading, with no direct government intervention in the contracts.

Rashwan said the agreement serves a clear strategic interest for Egypt, aiming to strengthen its position as the sole regional hub for gas trading in the Eastern Mediterranean. This relies on advanced infrastructure and substantial investments in liquefaction facilities and transport networks, ensuring the sustainable operation of these assets and maximizing their economic benefits.

He added that Egypt possesses a comprehensive and advanced natural gas infrastructure, enabling the country to diversify gas reception sources across multiple routes and partners without exposure to pressure or restrictions, providing significant flexibility in managing the sector.

The infrastructure includes liquefaction plants, transport networks, and storage and handling capacities, reinforcing Egypt’s ability to make economic decisions based solely on its national interests.

Rashwan cautioned against being swayed by propaganda or hostile media campaigns attempting to politicize a commercial agreement. He stressed that the timing of the announcement does not change the fact that the agreement is the result of prior commercial negotiations conducted according to market rules.

He firmly affirmed that Egypt’s stance on the Palestinian issue remains steadfast and unchanged, based on supporting the legitimate rights of the Palestinian people, rejecting forced displacement, and adhering to a two-state solution.

Rashwan highlighted that Egyptian actions and diplomacy played a decisive role in thwarting displacement plans and proposing a path for Gaza reconstruction, as emphasized in the outcomes of the Sharm El-Sheikh summit, reflecting the consistency of Egypt’s political and ethical position.