Egypt Will Gladly Sell Gas to Israel, But at New Rates (JEWISH PRESS) By: Tibbi Singer 04/23/12)
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Egypt’s International Cooperation Minister Fayza Abul Naga said on
Monday that Egypt is prepared to resume gas exports to Israel, but at
new rates, after unilaterally canceling its previous, long-term
contract, signed in 2005.
The official MENA news agency reported that Egypt had no objections
to signing a new contract, with new conditions.
Abul Naga said Israel had been told five times prior to the
cancellation of the contract that it was not living up to its
This is a diversion from an earlier statement by Egypt’s electricity
and fuel minister Hassan Yunis, who said originally that the natural
gas being diverted from Israel was going to be used domestically.
“The gas that used to be exported to Israel will be directed to
Egyptian electricity plants, as we have more right to it,” Yunis told
The Israeli side of the dispute had kept its cool since the original
Egyptian announcement, maintaining that there was a businesslike
solution to the crisis.
Israel’s Foreign Minister Avigdor Lieberman said on Monday that he
was hoping the dispute would be solved in a business environment, and
that relations between the two countries would return to normal.
The Jerusalem Post reported that Prime Minister Benjamin Netanyahu
told a group of Israel Bonds leaders on Monday that he did not “see
this gas cutoff as something that is born out of political
developments. This is actually a business dispute between the Israeli
company and the Egyptian company.”
Netanyahu also promised on Monday that the Jewish state
possesses “gas reserves that will make Israel totally energy
independent, not only from Egypt, but from any other source, and
which will turn Israel into one of the world’s largest exporters of
natural gas. So we are quite confident on that score.” (© 2012
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