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Bid to Halt Egypt-Israel Gas Deal

[Al-Jazeera-Qatar] Former director of international treaties in the Egyptian foreign ministry Ibrahim Yossri, 65, went to court on Tuesday to demand that Egypt halt natural gas exports to Israel, Al Jazeera reports. A $2-3 billion agreement to supply natural gas to Israel was signed by Egypt in June 2005. The 15-year agreement, which is renewable, governs the transfer of gas at $2 per cubic foot - a price well below the market benchmark of $14. Tharwat Shalabi, an oil reporter in Egypt, said in June: "Egypt is committed to providing Israel with energy under the Camp David accords. It stopped exporting oil, and now it has to replace it with gas." Earlier this year, Yehya al-Gamal, an Egyptian campaigner against the deal, said: "It's not about the price of gas, it's whether we should export it to them [Israel] in the first place."
2008-10-08 01:00:00
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