No. 43



Economic Problems Not Politics Are Holding Up Egyptian Gas Sales to Israel

Egypt's plans to export gas to Israel are held up over a disagreement on prices, not by renewed Arab-Israeli tensions which will not threaten the ambitious project, Egyptian Oil Minister Hamdi al-Banbi told Reuters on 16 July. He said that the prices offered by Israel and the amount of gas it was seeking could not justify the construction costs of the "Peace Pipeline" to...