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Egypt Requests Israeli Letter Of Credit For Gas Sales

The Egyptian government has asked the Israeli government and Israel Electric Corporation (IEC) to provide a letter of credit to guarantee IEC payments to Egypt for the natural gas it is due to supply IEC over the next 15 years, according to a 2 December report in the Israeli daily Haaretz. Minister of National Infrastructures Joseph Paritzky has reportedly rejected the demand, saying that a bank...