Israeli officials are expressing “great concern” tonight after Egypt announced that it is scrapping the existing gas supply deal with Israel. The head of Egypt’s national Natural Gas Holding Company insisted it was because the Israeli company, East Mediterranean Gas (EMG), hadn’t paid them in four months.
The gas imports from Egypt provide around 40 percent of Israel’s natural gas and are a key portion of their electricity generation. The deal has been unpopular in Egypt, with many accusing former ruler Hosni Mubarak of selling at below-market prices. The pipeline has recently been bombed a number of times by factions in Sinai.
EMG loudly condemned the move to halt gas shipments, insisting it was “a breach of the peace agreement with Israel” and that it was pushing for a government remedy. Israeli diplomats, however, say that the deal is just a business dispute and nothing to do with the relations between the Israeli and Egypt governments.
That didn’t seem to be treated as universally true in Israel, however, as opposition leader Shaul Mofaz (who recently took charge of Kadima over Tzipi Livni) condemned the move as a “blatant violation of the peace treaty” and demanded immediate US intervention to force Egypt to start selling them gas again.
YESSSSSSSSS, They are blockading Gaza utilities, this is less than 1% of what Gaza's suffering.
I hope the corrupt and treasonous military rulers of Egypt do not supply through the backdoor.
Run the gas through Gaza, and let the Gazans control its sale to Israel.
LOL, could not have thought of it, but a great idea Jeff. Then again, the cries of the MSM about the cruel Gazan's will not stop.
Don't give 'em ideas. The Zionists may very well decide to turn on the gas on the Gazans.
American will arrange for crippling economic UN sanctions against Egypt.
The Jewish state's Mossad will not quite covertly murder a bunch of Egyptians.
Nothing new here.
Big business — Always corrupts government
Who owns the two gas companies that are at war with each other? And for what corrupt reason was such a priceless national resource privatized in the first place?
For it is stupidity to think that government control and regulation corrupts business, when it is big business and big wealth that corrupts all of government.
For not until elections are 100% funded by taxes paid for by the public, will you have a government free of wealth corruption and controlled by the public.
Jusr starting to get what they deserve.
"…and demanded immediate US intervention to force Egypt to start selling them gas again."
"Jump poodle, jump. Fetch poodle, fetch."
Some day, something will happen — perhaps a false flag attack gone awry — and the American people will feel the sting of humiliation, and switch its attitude suddenly to outrage. Shortly thereafter, Israel will cease to exist. Likely it will be ugly, but all in all, that will be a good day. Can't wait!
You mean like 9/11? 🙂
So can we look forward to yet another war to secure resources for a country that can't do it themselves by peaceful means? I know, I know, it's because the Arabs are all unreasonable fanatics that want to drive the innocent and peace-loving jews of Israel into the sea, right?
Shame.
The last paragraph says everything you need to know about US-Israeli relations.
Sure, Egypt- sell them the gas, but jack up the price by 25%. Then the next time they pull some idiotic stunt jack it up another 25%. Pretty soon Israel will learn to behave itself or find someone else to buy from. Either way, divesting itself from Israel is a win for Egypt.
Problem is that they don't buy anything from anyone. They steal it, blackmail it, guilt trip it but never ever buy or pay for anything.
You got it right. The Zionist have'nt paid their gas bill for four months. It's time to do forecolsure against the apartheid regime.
Not to worry. The American taxpaying suckers will gladly pick up that bill too.
Yeah, go Egypt! This means that Isreal now has to either pay up to Egypt what the free market demands or step up the theft of Palestinians and Lebanese gas.
supplying gas for self immolition would be popular
I’m surprised none of the comments has provided an amicable and peaceful solution to Israel’s gas problem. It is very simple: Israel is four months in arrears. Pay the outstanding balance and the Egyptians will open the gas valve—so that the gas pipeline can be blown up again!
Here's a solution to Isreal's gas problem (and every other inflicted problem) STOP THE OCCUPATION! I'm willing to bet that will do wonders for them.