Wednesday, October 5, 2011

Al-Ahram: Egypt to draft new Israel gas deal

File picture shows an attack in July on a pipeline delivering gas from Egypt
to Israel at el-Arish in the north of the Sinai peninsula.
CAIRO (Reuters) -- Egypt will soon finish drafting a new contract for gas exports to its neighbor Israel that includes a big increase in prices, a newspaper cited the petroleum minister as saying on Tuesday.

Gas supplies to Israel have been disrupted by a series of attacks on the pipeline in the Sinai border region by assailants believed to oppose the sale of gas to Israel.
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