Israeli gas firms seeking deals with Egypt

Israeli gas firms seeking deals with Egypt

Israeli gas firms seeking deals with Egypt

Israeli energy firms aforementioned it absolutely was seeking to carry talks with potential importers of gas in Egypt, in Cairo, on a daily basis when the choice to freeze negotiations till the settlement of a separate arbitration dispute with Israel.

According to a press release to the urban center securities market on Mon, the Israeli Delek cluster – that owns stakes in gas fields Israelis nice – and its partners aforementioned they're not a celebration to the difficulty of arbitration, and can pay ahead with the conclusion of export commerce firms in Egypt deals method.

And the General oil Corporation Egypt and therefore the Egyptian company for gas (Aigaz) has Said: they'll be difficult in a world ruling b punished $ one.7 billion for Israel Electricity Company, and $ 288 million for the good thing about the japanese Mediterranean compensation for them to prevent the Cairo gas provides in 2012.

Israeli gas firms seeking deals with Egypt