Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

South Sudan: President Salva Kiir names new vice president

Read more

MEDIAWATCH

Leaked emails overshadow Democratic convention

Read more

ENCORE!

Music show: hot hits for the summer season

Read more

FOCUS

Canada: Religious sponsorship of refugees creates controversy

Read more

BUSINESS DAILY

Verizon set to buy Yahoo's internet business

Read more

IN THE PAPERS

As Democrats gather, Russian subplot sparks intrigue

Read more

IN THE PAPERS

Bernard Cazeneuve, the political punching bag

Read more

THE INTERVIEW

Erdogan to rid Turkish institutions of ‘separatist cancer’ after coup attempt

Read more

ENCORE!

The best of summer music festivals in France

Read more

Middle east

Israel urges Egypt to reconsider cancelled gas deal

Text by News Wires

Latest update : 2012-04-23

Israel on Monday urged Egypt to reinstate a crucial natural gas supply deal that was cancelled over allegations that Israel had not paid its bills. Israel says the cancellation will cause an energy shortage and harm bilateral relations.

AP - Israel’s energy minister is urging Egypt to reverse its decision to stop supplying Israel with natural gas.

Uzi Landau says the canceled deal will not only exacerbate power shortages this summer but also disrupt an already shaky peace treaty between the two countries.

Egypt’s national gas company announced the decision late Sunday, saying Israel had not paid its bills.

Israel gets about 40 percent of its natural gas from Egypt. In the past year, saboteurs have repeatedly blown up the pipeline, disrupting the supply to Israel.

Landau says the gas deal was a cornerstone of Israel’s peace treaty with Egypt. He expects electricity shortages this summer, partly due to the lack of Egyptian gas.

Israel is ramping up production on offshore oil fields to make up for the shortage.

Date created : 2012-04-23

  • EGYPT

    Egypt confirms barred presidential candidates

    Read more

  • ISRAEL

    Israel blocks pro-Palestinian 'fly-in' stunt at airport

    Read more

  • EGYPT

    Islamists rally in Cairo against Mubarak 'leftovers'

    Read more

COMMENT(S)