Egypt scraps Israel gas supply deal

[dipsydoodle]

Last edited Sun Apr 22, 2012, 05:00 PM - Edit history (1)

Source: BBC News

Egyptian officials say they have scrapped an agreement to supply Israel with natural gas.

Israel received around 40% of its gas supplies from Egypt and uses it to generate electricity.

The announcement comes after the cross-border pipeline suffered numerous sabotage attacks which cut supplies.

Egypt was the first Middle East country to sign a peace accord with Israel, and the energy deal has been a key part of agreements between the two state.

Read more: http://www.bbc.co.uk/news/world-middle-east-17808954

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Critics charge that Israel got the gas at below-market prices and that Mubarak cronies skimmed millions of dollars off the proceeds, costing Egypt millions of dollars in lost revenue.

http://hosted.ap.org/dynamic/stories/M/ML_EGYPT_ISRAEL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-04-22-16-07-37

[tabatha]

1. Egypt officials denying on state TV that natural gas deal with #Israel cancelled...

1h Hady Makki ‏ @Hadymakki07 Reply Retweet Favorite · Open
@CYE89 Egypt officials denying on state TV that natural gas deal with Israel cancelled;one official says gas stopped bcuz Israeli nonpayment

1h Tom Gara ‏ @tomgara Reply Retweet Favorite · Open
Here we go... RT @borzou: #Egypt officials denying on state TV that natural gas deal with #Israel cancelled...
In reply to Borzou Daragahi

1h Borzou Daragahi ‏ @borzou Reply Retweet Favorite · Open
#Egypt officials denying on state TV that natural gas deal with #Israel cancelled; one official says gas stopped bcuz Israeli nonpayment

[dipsydoodle]

2. Then its odd

that just about every media sorce onthe planet maintains the agreement has been ended.

[tabatha]

3. Don't know - will wait for more news.

Just thought I should report the tweets.

[dipsydoodle]

4. I do understand that

There may be issues there over who controls the media. I'm guessing this won't updated now further until Monday - 11.30pm there now.

[tabatha]

5. J'lem: Gas deal cancellation has nothing to with Israel ties By HERB KEINONLAST UPDATED: 04/22/2012

Diplomatic officials in Jerusalem Sunday night said that after speaking with their counterparts in Egypt, that the cancellation of a gas deal serving Israel was part of a commercial dispute between private companies and Egyptian government corporations that is presently being adjudicated abroad.

The officials said that this had nothing to do with the status of Egyptian-Israeli diplomatic relations. A senior Egyptian military official was quoted as saying on Egyptian television that the gas deal was not nullified, but rather halted because of a business dispute regarding the transfer of payment.

http://www.jpost.com/Headlines/Article.aspx?id=267125