Egypt Court Overturns Ban on Israel Gas Sales

(AFP) The Egyptian Supreme Administrative Court overturned on Saturday a lower court's ruling banning gas sales to Israel, the official news agency MENA reported. Its decision cannot be appealed, effectively ending a legal dispute with dissidents who want to cut off the supply to Israel. Oil and gas export treaties and the peace treaty with Egypt "gave Israel the right to acquire Egyptian oil and gas like any other country, without the slightest discrimination," the court ruled. Egypt's privately owned East Mediterranean Gas began exporting fuel to the Israel Electric Corp. in May 2005, agreeing to supply 1.7 billion cubic meters a year for 20 years. A September 2009 deal increases the supply, in a contract worth roughly $6 billion.

2010-03-01 08:45:21

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