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Egypt: Gas Deal Cut Over Pay Dispute, Not Politics

Egypt: Gas Deal Cut Over Pay Dispute, Not Politics

Israeli media, quoting government sources in Jerusalem, say the controversial cancellation of the Egyptian-Israeli natural gas agreement is not diplomatic in nature, but rather has to do with a commercial dispute between private companies and the Egyptian state energy company that is currently before the courts. Globes, the authoritative Israeli business journal, reports (in Hebrew) that a senior Egyptian military source told an Egyptian television station “that the deal was not canceled but suspended because of unpaid funds.”

Globes also quotes a report from “Arab media” in which Hani Dahi, chairman of the Egyptian National Gas Company:

Written by

J.J. Goldberg

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Egypt: Gas Deal Cut Over Pay Dispute, Not Politics

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