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Egypt Terminates Gas Deal with Israel

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The head of the Egyptian Natural Gas Holding Company said Sunday it has terminated its long-term contract gas deal with Israel because of violations of contractual obligations, Egypt’s daily al-Ahram reported.

The head of the Egyptian Natural Gas Holding Company said Sunday it has terminated its long-term contract gas deal with Israel because of violations of contractual obligations, Egypt’s daily al-Ahram reported.

The decision came after a string of cross-border pipeline attacks in the 14 months since Egyptian president Hosni Mubarak's ouster last February.

The move overshadows the peace agreement between the two countries, Israel commented.

 

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