Middle East Economic Survey

VOL. LII

No 25

22-Jun-2009

EGYPT/ISRAEL

Egypt Raises Gas Supplies To Israel After Reaching New Price Agreement

Israel last week started receiving its full contracted share 200mn cfd of piped Egyptian gas, under the supply contract that the East Mediterranean Gas (EMG) company signed with EGPC in 2005, after a higher gas price was finally renegotiated in May. The agreement is a highly sensitive political issue, reflecting Egypts ambiguous allegiances and prompting...