Published On: Tue, Dec 8th, 2015

Netanyahu appoints special envoy to Cairo to settle gas debt dispute

Egypt had ordered oil and gas import authorities to freeze talks with Israel; Netanyahu defends gas deal

 

GAS
Israeli Prime Minister Benjamin Netanyahu on Tuesday appointed a special envoy to Egypt to settle a dispute over natural gas debt owed by Egypt to Israel. Netanyahu made the decision to appoint the envoy following talks with the Egyptian government on Monday.

The Egyptian government has refused to pay a fine of $1.76 billion to Israel over halting gas supplies and has ordered its oil and gas import authorities to freeze talks with Israel.

Egypt and Israel had signed a 20-year agreement where they would sell natural gas to Israel, but the deal collapsed in 2012 after months of attacks by Egyptian militants in the Sinai on the pipeline.

Read the full story at i24News, by Tal Shalev

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