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Egypt cancels natural gas deal with Israel
23:25 Apr 22 2012 Israel
Description
Egypt's national gas company EGAS announced Sunday that it will be cancelling its natural gas supply deal with Israel.Ampal-American Israel Corporation, a partner in the East Mediterranean Gas Company (EMG), which operates the pipeline, said the Egyptian companies involved had notified EMG they were "terminating the gas and purchase agreement."
The company said in a statement that the Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company had notified them of the decision, adding that "EMG considers the termination attempt unlawful and in bad faith, and consequently demanded its withdrawal."
News source link
http://www.haaretz.com/news/diplomacy-defense/egypt-cancels-natural-gas-deal-with-israel-1.425883| Credibility: |  |
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Comments
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