Egypt's national gas company notifies EMG about cancellation; the pipeline carrying gas to Israel has been blown up numerous times since Mubarak's removal from power.
Sources close to EMG said in response, "Egypt does not understand what it is doing. This move will bring back the country - politically and economically – by 30 years. This is a breach of the peace agreement with Israel."
Egypt's national gas company EGAS announced Sunday that it will be cancelling its natural gas supply deal with Israel.
Egypt on Sunday notified EMG (East Mediterranean Gas Co), the exporter that supplied Israel with natural gas, that the deal will be canceled.
A deal was reached in 2005 between the Israeli and Egyptian governments as part of a political agreement according to which Cairo undertook to allocate 7 billion cubic meters (BCM) of Egyptian gas to the Israeli m