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EMG: Egypt didn't halt gas merely over money
Reuters via Ha’aretz ^ | Published 05:22 27.04.12 | Latest update 05:22 27.04.12

Posted on 04/27/2012 2:57:49 AM PDT by Olog-hai

The decision to halt Egyptian natural gas exports to Israel was not due simply to commercial differences, international shareholders in EMG said yesterday, dismissing claims they were behind in payments.

"Any attempts to characterize this dispute as a mere commercial one is misleading," shareholders in East Mediterranean Gas Co. (EMG) said in a statement to Reuters.

"This is a government-backed contract sealed by a memorandum of understanding between Egypt and Israel that specifically refers to the [1979] peace treaty."

Prime Minister Benjamin Netanyahu has tried to play down termination of the 2005 deal, saying cancellation of the contract supplying Israel with 40% of its gas needs resulted from a business rather than diplomatic dispute.

Egyptian officials also said it was a trade issue, although there have been growing public calls for Egypt to review ties with Israel since the overthrow of Hosni Mubarak, for whom a peace treaty with Israel was a cornerstone of regional policy. …

(Excerpt) Read more at ...

TOPICS: Crime/Corruption; Foreign Affairs; Israel; War on Terror
KEYWORDS: egypt; jihad; naturalgas; peacetreaty

1 posted on 04/27/2012 2:57:56 AM PDT by Olog-hai
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To: Olog-hai
Another Obama success
2 posted on 04/27/2012 3:07:16 AM PDT by scooby321 (h tones)
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To: scooby321

They’s all juss:

3 posted on 04/27/2012 3:45:31 AM PDT by Flintlock (THE TRUTH: It's the new hate speech..)
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To: Flintlock
"They".....That be all those Obama People of every color and religion and corporate and union affiliation.....but especially the American Secular Jews.
4 posted on 04/27/2012 3:58:26 AM PDT by BilLies (two)
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To: dennisw; Cachelot; Nix 2; veronica; Catspaw; knighthawk; Alouette; Optimist; weikel; Lent; GregB; ..
Middle East and terrorism, occasional political and Jewish issues Ping List. High Volume

If you’d like to be on or off, please FR mail me.


5 posted on 04/27/2012 5:17:58 AM PDT by SJackson (As a black man, you know, Barack could get shot going to the gas station, M Obama)
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To: Olog-hai

The usual Muslim bs and lying to infidels is a way of life for them. Idiots!

6 posted on 04/27/2012 8:36:59 AM PDT by dennisw
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