web analytics
April 18, 2014 / 18 Nisan, 5774
At a Glance
News & Views
Sponsored Post
Spa 1.2 Combining Modern Living in Traditional Jerusalem

A unique and prestigious residential project in now being built in Mekor Haim Street in Jerusalem.



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

Share Button

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.”

Share Button

About the Author: Tibbi Singer is a veteran contributor to publications such as Israel Shelanu and the US supplement of Yedioth. Invite Tibbi to visit your blog. The views expressed in this blog are solely those of the author and do not represent the views of The Jewish Press


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.

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

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Flyers ordered Jews to appear at a designated location in Ukraine, in Sept., 1941. The next day, the Jews lined up at the Babi Yar Ravine.
‘Jews Must Register’ Flyer in Ukraine an Echo of Babi Yar
Latest News Stories
Zoo Matza

Chimpanzees and Orangutans eat Matza, unleavened bread traditionally eaten during the Passover holiday, at the Ramat Gan Safari on Thursday, April 17, 2014. I hope they can digest it. On Passover no leavened bread (Chametz) is allowed in Jewish possession, and that includes food we feed our animals.

Following intelligence reports of further expected Arab rioting and violence on the Temple Mount today, the police have placed restrictions on Muslim entry to the Jewish holy site, according to a report on Arutz-7. Entry will be limited to Muslims over the age of 50, and women, also they must be Israeli citizens or residency […]

Aaronovitch and Police

PA President Abbas’s refusal to publicly condemn the terror attack that killed Baruch Mizrachi is putting a damper on the parade.

The Shas political party, founded and run by the late Rav Ovadia Yosef, has a appointed a new spiritual leader, according to a Galei Tzahal report. The rabbi chosen to replace Harav Ovadia and be the new president of the party’s Council of Torah Sages is Rabbi Shalom Cohen. Aryeh Deri is the political leader […]

As Rabbi Stav said, “You’re free to think what you want. But do you want me to recognize Chelsea Clinton’s child as a Jew?”

In 1941, the Jews of Kiev received a similar leaflet. When they showed up the next day, more than 34,000 were murdered.

Teen stabbed in South Florida high school.

The Kotel Plaza, the stairs, the Kotel entrance, the roads, everything was packed for Birkat Cohanim – the Priestly Blessing of the People – now imagine if this had been held on top of Har HaBayit, the Temple Mount!

Four Israeli citizens were hurt Thursday in a road terror attack near Tekoa in Gush Etzion.

Israel Police closed access to the Temple Mount to Jews and other non-Muslims on Thursday due to Arab violence.

Jews in Donetsk, Ukraine this week were ordered to “register” themselves and their assets.

U.S. Special Envoy to the Middle East Martin Indyk is on his way back to the region to revive talks between Israel and the Palestinian Authority.

Hebron is proving to be a popular family tourist site during the Passover Holiday.

Hundreds attended the funeral of Police Chief Superintendent Baruch Mizrachi, who was slain by terrorists on Passover eve.

A local Jewish merchant was stabbed Monday on the island of Djerba.

The Israeli hi-tech company Matrix has announced it is opening a “massive training center” in Nanjing, China.

More Articles from Tibbi Singer
John Blackwell, president-elect of the British Veterinary Association, has argued the ritual killing of animals causes unnecessary suffering to animals.

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

Scarlet Johansson and fiancé Romain Dauriac

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 […]

Yair and Leikanger met at the Interdisciplinary Center in Herzliya.

Israel will host the 2015 International Astronautical Federation conference.

    Latest Poll

    Now that Kerry's "Peace Talks" are apparently over, are you...?







    View Results

    Loading ... Loading ...

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: