Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Rival Libyan leaders back ceasefire, elections

Read more

IN THE PAPERS

Western men 'less fertile' due to modern living, scientists warn

Read more

IN THE PAPERS

A 'crazy gamble': Luc Besson's €197m blockbuster 'Valerian' hits French cinemas

Read more

BUSINESS DAILY

New KitKat factory to cater for exotic flavours

Read more

MEDIAWATCH

John McCain's healthcare vote backlash

Read more

THE DEBATE

The Macron Touch: Can the new French president be Libya's peacemaker?

Read more

THE INTERVIEW

'Maduro's regime is a criminal dictatorship'

Read more

FOCUS

Kenyan authorities step up security amid Al-Shabaab threat

Read more

ENCORE!

Rock icons Midnight Oil on politics, passion and their long-awaited comeback

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)