Arab Today, arab today egypt\s controversial gas deal with israel under review
Last Updated : GMT 10:35:06
Arab Today, arab today
Arab Today, arab today

Country revising all international contracts

Egypt\'s controversial gas deal with Israel under review

Arab Today, arab today

Arab Today, arab today Egypt\'s controversial gas deal with Israel under review

Egyptian gas company which supplies gas to Israel
CAIRO - AFP

Egyptian gas company which supplies gas to Israel Egypt's prime minister has asked for the revision off all contracts to supply gas abroad, including to Israel, the official news agency MENA reported on Wednesday. Egypt supplies an estimated 40 percent of Israel's gas in what, under ousted president Hosni Mubarak, was a highly controversial deal.
Prime Minister Essam Sharraf "has directed the revision and review of all gas contracts Egypt agreed to with all countries, including Jordan and Israel," MENA said.
The contracts are to be revisited so the gas "would be sold with deserved prices that achieve the highest returns for Egypt," it added.
Sharraf is to meet Jordanian Energy Minister Khaled Tuqan on Thursday to discuss the deal with his country, MENA said, adding the revisions could bring Egypt an extra $3 billion-$4 billion in revenue.
Shipments of gas resumed to Israel in March, after they were interrupted in a February 5 attack on a Sinai pipeline as Egypt was rocked by protests that brought down Mubarak.
In December, four Israeli firms signed agreements to import gas under a 20-year contract valued at $5 billion-$10 billion (3.7-7.4 billion euros).
The contract was signed with the Israeli-Egyptian East Mediterranean Gas (EMG), in which Ampal-American Israel Corp has a 12.5 percent stake.
EMG has signed a number of agreements with Israeli firms since 2005, and the new contracts will boost the volume of Egyptian gas imports to six billion cubic metres, worth $19 billion (14 billion euros).
The agreement has been repeatedly challenged in Egyptian courts on the grounds of its secretive clauses and because it was done without parliamentary consultation.
A court imposed an injunction on the deal, in a move ignored by the government. A higher court overturned the freeze in 2010, on condition the government regulate the quantity and price of gas exported.
Both the Israeli foreign ministry and the national infrastructure ministry, which is responsible for energy, declined to comment on the report.
Israel's government viewed the ouster of Mubarak, who maintained a reliable if reserved relationship with the Jewish state, with alarm.
Egypt was the first Arab country to sign a peace deal with Jewish state, in 1979, but the public has remained hostile towards Israel over its policies in the occupied Palestinian territories.
After the military took power when Mubarak resigned on February 11, it pledged that it would respect the 1979 peace treaty with Israel.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt\s controversial gas deal with israel under review Arab Today, arab today egypt\s controversial gas deal with israel under review

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt\s controversial gas deal with israel under review Arab Today, arab today egypt\s controversial gas deal with israel under review

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday