web analytics
September 3, 2014 / 8 Elul, 5774
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Egypt Will Gladly Sell Gas to Israel, But at New Rates

Egypt's International Cooperation Minister Fayza Abul Naga wants to re-open the gas pipes to Israel, at a new price.

Egypt's International Cooperation Minister Fayza Abul Naga wants to re-open the gas pipes to Israel, at a new price.
Photo Credit: Maha Soliman

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 obligations.

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 reporters.

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.”

About the Author: Tibbi Singer is a veteran contributor to publications such as Israel Shelanu and the US supplement of Yedioth, and Jewish Business News.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Egypt Will Gladly Sell Gas to Israel, But at New Rates”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Hamas's leader in Gaza, Ismail Haniyeh (in blue shirt, center), benefitted politically - and in a dramatic fashion - from this summer's war.  Photo from Hamas victory rally, Aug. 27, 2014.
Gazan Deaths and Destruction Dramatically Drives Popularity for Hamas
Latest News Stories
O.J. Simpson is converting to Islam. He was charged in 1994 with nearly decapitating his ex-wife.

O.J. Simpson is converting to Islam. He was charged with his ex-wife’s murder in 1994. She was nearly decapitated.

Hamas's leader in Gaza, Ismail Haniyeh (in blue shirt, center), benefitted politically - and in a dramatic fashion - from this summer's war.  Photo from Hamas victory rally, Aug. 27, 2014.

Rockets and violence over diplomacy and passivity is the Palestinian Arab ruling style of choice, as reflected in a PCPSR poll.

Lady Gaga defies BDS  again with a show in Tel Aviv  on Sept. 13, 2014.

Maybe Abbas should accuse Lady Ga-Ga of incitement for saying “Shalom.”

British Jew Neil Masterson allegedly punched anti-Semitic MP George Galloway in the face.

The prosecutor says Masterson told police, “I didn’t want him to think I’m scared.”

Honey cake, gourmet honey, flavored honey, and honey as a recipe in chicken, and even fish, are all expected to contribute to soaring sales of honey this Rosh Hashanah and holiday season. Ironically, the US Department of Agriculture is conducting hearings to define honey or just how much honey is required to qualify for “pure […]

Abbas does not have to push agenda because he has the Obama administration is his spokesman.

The Islamic State (ISIS) has just released a video showing the beheading of another American journalist, Steven Sotloff, according to a monitoring group.

Cantor can thank his defeat to a Tea Party candidate for leading him to more lucrative and stable career.

Hamas won the war in political terms, but that won’t stop Kerry.

A farmer in the (legal) Tikkun Olan Cannabis farm near Tzfat. This is one of their greenhouses. The company is licensed by Israel’s Ministry of Health to grow, process and distribute the medicinal plant.

Israeli intelligence sparked a massive manhunt that foiled an Arab terror attack, caught two suspects and kept Israeli civilians safe.

The ‘Talansky affair’ corruption trial of former Israeli Prime Minister Ehud Olmert re-opened today in Jerusalem.

Iran has successfully tested a new defensive radar and missile system, its air force chief announced Monday.

Diplomatic relations with Israel are likely to remain in deep freeze for the next few years, Turkish PM Davutoglu signals.

Events on the other side of Israel’s northern border are heating up. The IDF is on high alert in the Golan Heights.

More Articles from Tibbi Singer
Steven Sotlof Beheading

The Islamic State (ISIS) has just released a video showing the beheading of another American journalist, Steven Sotloff, according to a monitoring group.

Open Society Foundations chairman and founder George Soros.

Soros is basically about short selling, betting on the market to take a dive.

PayPal co-founder Max Levchin netted a reported $34 million when his brainchild was sold to eBay in 2002 for $1.5 billion. Ever since that day, the sometimes weird whiz kid Levchin, now 39, has been trying to do it again.

Blackwell, who has been accused of “inflaming prejudice,” says animals must be stunned before the cut.

But she’s in no hurry to get married, despite the fact that she’s expecting.

The Rebbe will be staying in R. Asher Lev Wolf’s luxurious apartment on Minchat Yitzchak Street in Jerusalem.

Kerry shares many of his unique and original solutions for Jerusalem, the Jordan Valley and Tel Aviv.

Here’s Thomas L. Friedman at the 7th Annual International INSS Conference in Tel Aviv, on January 29, 2014. I’ll bet you no one else there tied their sweater around their neck like this, because no one else there was living in 1982. From the Urban Dictionary: When a person decides to wear a sweater LOOSELY […]

Printed from: http://www.jewishpress.com/news/israel/egypt-will-gladly-sell-gas-to-israel-but-at-new-rates/2012/04/23/

Scan this QR code to visit this page online: