Gas Spat Sparks Fears For Egypt-Israel Ties
Gas spat sparks fears for Egypt-Israel ties - FT.com
"The Egyptian suppliers told Israeli partners on Sunday that they would halt supplies over a payments dispute."
"However, the spat has erupted at a time of growing tension between Israel and Egypt, the most important Arab country by far to have diplomatic relations with the Jewish state. "
“This is a business dispute. But the background against which this is taking place is highly volatile. We all know that the gas deal has not been popular with the Egyptian public – like any kind of Israeli-Egyptian venture,” one Israeli official said."
Egypt supplied 40% of Israel's gas which will be a major blow to the country's energy needs which will elevate the Middle East tensions even more.
Gas spat sparks fears for Egypt-Israel ties - FT.com
"The Egyptian suppliers told Israeli partners on Sunday that they would halt supplies over a payments dispute."
"However, the spat has erupted at a time of growing tension between Israel and Egypt, the most important Arab country by far to have diplomatic relations with the Jewish state. "
“This is a business dispute. But the background against which this is taking place is highly volatile. We all know that the gas deal has not been popular with the Egyptian public – like any kind of Israeli-Egyptian venture,” one Israeli official said."
Egypt supplied 40% of Israel's gas which will be a major blow to the country's energy needs which will elevate the Middle East tensions even more.