Developments in the Eastern Mediterranean over the past decade have placed Egypt at the center of a regional cooperation system regarding energy and political strategy. Gas discoveries in Egypt's economic waters, significant investments by the Egyptian government in the energy sector, the 2019 establishment in Cairo of a regional gas forum, and the presence of two existing liquefaction facilities in Egypt (in Idku and Damietta) all augur well for Egypt's ambition to be the regional hub for gas exports. The export of gas from Israel to Egypt also contributes to Egypt's energy security, both in terms of the regular supply of electricity to the local economy and the export of a significant amount of gas to Europe in exchange for foreign currency urgently needed in Egyptian coffers. The war in Gaza has added complexity to Egypt's policy towards Israel since the imports of gas from Israel are essential to its energy stability. Moreover, the Houthi attacks have decreased traffic in the Suez Canal and caused serious damage to Egypt’s economy.