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

J.J. Goldberg

Jonathan Jeremy “J.J.” Goldberg is editor-at-large of the Forward, where he served as editor in chief for seven years (2000-2007).

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Egypt: Gas Deal Cut Over Pay Dispute, Not Politics

Thank you!

This article has been sent!