web analytics
May 30, 2015 / 12 Sivan, 5775
At a Glance
News & Views
Sponsored Post


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.

Current Top Story
What's happened to NYC's Celebrate Israel Parade?
Israel Rejects as ‘False’ UJA Federation’s Claims about Israel Parade ‘Inclusion’
Latest News Stories
FIFA logo

Israel praises FIFA for avoiding what Israel’s deputy foreign minister Tzipi Hotovely called an “absurd situation.”

FIFA president Sepp (Joseph) Blatter and PM Binyamin Netanayhu

FIFA Pres. Sepp Blatter, 79, was re-elected to a fifth term heading the world soccer federation, despite bribery allegations.

PA's soccer chief Jibril Rajoub, a member of the Fatah Central Committee.

At the last minute before the proposal was to go to vote, Rajoub submitted an amendment that would cancel the bid to suspend Israel.

FIFA logo

Zurich police have confirmed there was a bomb threat to blow up the FIFA congress, but they have since allowed the annual convention to continue following a search.

Israeli Consul General refutes UJA president’s claim that government insists NIF march in Celebrate Israel parade.

They stopped Blatter from speaking, waved PA flags and demanded “Israel out.”

Reishit HaGez is the giving to the Kohen the first cuttings of the fleece of sheep grown in the Land of Israel (based on Deut. 18:4: “You are to give them the first fruits of your grain, new wine and olive oil, and the first wool from the shearing of your sheep.”). Most Jews cannot […]

Postal officials refuse mailmen’s request to be relieved of the job to deliver Baptist cult material that may be illegal.

Final steps are underway for building the City of David’s “Kedem” visitor’s center in Jerusalem that will sit on top of the “Givati Parking Lot” excavation just outside of the Old City of Jerusalem’s walls. The visitor’s center will serve as an entryway to the Jerusalem Walls National Park, which includes the City of David […]

The Orthodox Union, B’nai Brith and the Houston Federation are pitching in.

Massachusetts Gov. Charlie Baker declared Sunday, May 31 as “Celebrate Israel Day,” when thousands of Israeli Americans, Jews and supporters of Israel are to attend the Celebrate Israel Boston Festival sponsored by the Combined Jewish Philanthropies and the Israeli-American Council Boston Chapter. Gov. Baker noted that Israel remains “a tremendous partner, economically and culturally,” to […]

The “rabbi “may be a “reverend” who allegedly was not revered by Ice Cube’s bullies.

Israeli PM Netanyahu talks about his vision for regional cooperation with Arab nations.

Hadera drew the attention of El Paso officials for the city’s desert environment, a large electric power plant, desalination plant and manufacturing complex, and the high-tech incubation programs at the Technion-Israel Institute of Technology, located 30 miles away.

A day devoted to “peaceful co-existence” in Jerusalem was marred by Arab “anti-normalization” thugs.

At least a dozen people are reported to have been killed in the attack, and another 30 wounded.

More Articles from Tibbi Singer
Nazi Montage

The average Israeli is remarkably stupid and thick-headed when it comes to the sanctity of freedom of speech.

It's business as usual as Gazans repair the tunnels used to smuggle in the long-range rockets that hit Tel Aviv.

Some of these Gazan tunnels were estimated to have cost $3 million to construct, but will they sustain continued flooding by rain and sewer water?

Mayor Shimoni was looking to provide security, albeit in an unpopular way, because his prime minister has not been able to. Calling him names does not change the fact that Israeli civilians are not safe from being murdered in the street by blood-crazy Arab individuals.

If anyone has had any delusions about this not being a religious war, and anything but a religious war, one need only connect the images that are emerging from this morning’s massacre of four Jewish men in the middle of their morning prayer to the images of Jews massacred in Hebron, in 1929.

Published at Jewish Business News. It began last year with an announcement by Israel’s Ministry of Education, of a pilot study using digitally converted books and other teaching materials, which students would access with their tablets. Legally, teaching with tablets in Israeli schools is contingent on parental consent, especially since it’s the parents who were […]

Jon Stewart has opted, voluntarily and without pressures, out of the Jewish timeline. I suspect the bitterness in Stewart’s note is related to that decision.

Published at Jewish Business News. Forget the old, scary Ku Klux Klan, welcome to the newly branded Klan, the Rocky Mountain Knights, which offers membership to Jews, Blacks, Gays and Latinos. This could all be a conspiracy thought up by Bed, Bath and Beyond, to sell more white sheets. Because no matter who you are, […]

“There’s only one way to buy it,” Adelson said. “Money.”

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: