The good news is that Israel will continue to need Egypt’s natural gas and Egypt will continue to need the cash it receives from the Israeli people.
Supposedly, the pipeline also supplies Jordan downstream.
According to a Bloomberg article Jordan is, or was, looking to increase imported gas:
“Jordan aims to increase imports of Egyptian gas for use in its power plants to 330 million cubic meters in 2011, from 240 million cubic meters last year, then Energy Minister Khalid Irani said in an interview on July 14.”
Nope. The really good new is that Israel just found a HUGE NatGas deposit off its coast and will someday never need Egyptian gas again.