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Egypt offers to sell gas to Israel at market price

Senior Egyptian minister says Israel was notified five times that it wasn't meeting its financial obligations; Israeli, Egyptian leaders stress cancelation of gas deal is not result of political dispute. By DPATags: EgyptIsrael gasEgypt pipeline explosionA senior Egyptian minister said Monday that Israel is welcome to negotiate a new contract with Egypt at a new price, after the latter canceled its 20-year gas deal over a reported business dispute.

"Egypt has no objections to reach a new contract with new conditions and new prices," Minister of International Cooperation Fayza Abul Naga said Monday.

Egypt announced Sunday that it has canceled the contract with Israel since it did not m

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Added: May-3-2012 Occurred On: May-3-2012
Other Middle East
Tags: Egypt, Israel, gas, sell, market, price, Mubarak
Location: Egypt (load item map)
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