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Egypt,Israel : Egypt scraps gas export deal with Israel
Publish Date : 24-Apr-2012
Egypt has scrapped a 2005 gas export deal with Israel, which relies on Egyptian natural gas for 40 per cent of its supplies to produce electricity, the chairman of a government holding firm said on Sunday.
The accord was \'annulled on Thursday with the East Mediterranean Gas Co (EMG) which exports gas to Israel because the company failed to respect conditions stipulated in the contract,\' Mr Mohamed Shoeib told that.
The sale of gas to Israel, which signed a peace treaty with Egypt in 1979, has always been controversial in the Arab world\'s most populous country.
