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1 Achilles Tang  Sun, Apr 22, 2012 1:22:00pm
Sources close to EMG said in response, “Egypt does not understand what it is doing. This move will bring back the country - politically and economically – by 30 years. This is a breach of the peace agreement with Israel.”

There is no real government in Egypt.

2 Archangelus  Sun, Apr 22, 2012 1:44:14pm

Yup, certainly doesn't seem that way now, and certainly won't seem that way even after the elections either IMO....
This is such a case of "Let's appear strong and blow our own foot off with a shotgun".... The international implications are staggering, if only on account of the fact that they've just portrayed themselves as totally unreliable with regards to business, which will only hurt their already fragile economy, never mind the actual implications of violating the treaty...

3 Achilles Tang  Sun, Apr 22, 2012 3:10:12pm

I remember years ago negotiating a large mainfram software contract with the Egyptian lawyers of a bank. The contract specified a copy of the software etc. etc.

It took hours for them to accept the word copy, instead of "the original". I think we eventually settled on an original copy.

It surprises me not the slightest that the management of a gas company got together and decided not to send stuff to Israel. Contracts do not trump principles.//

4 Gus  Sun, Apr 22, 2012 3:30:28pm

Egypt terminates gas flow to Israel, stakeholder says

Steinitz, Mofaz say move endangers peace treaty, however, senior Egyptian military official is quoted as saying gas deal was not nullified, but rather halted because of a business dispute regarding transfer of payment.

J'lem: Gas deal cancellation has nothing to with Israel ties

Diplomatic officials in Jerusalem Sunday night said that after speaking with their counterparts in Egypt, that the cancellation of a gas deal serving Israel was part of a commercial dispute between private companies and Egyptian government corporations that is presently being adjudicated abroad.

The officials said that this had nothing to do with the status of Egyptian-Israeli diplomatic relations. A senior Egyptian military official was quoted as saying on Egyptian television that the gas deal was not nullified, but rather halted because of a business dispute regarding the transfer of payment.

5 Gus  Sun, Apr 22, 2012 3:31:25pm

This is still a developing story.

6 Achilles Tang  Sun, Apr 22, 2012 3:59:13pm

Perhaps the Israelis sent copy of a bank transfer instead of a suitcase full of cash.//

7 EiMitch  Mon, Apr 23, 2012 12:48:46am

Anti-Israeli politics or just a chaotic business environment, both were predictable results of the change in Egypt's government. I should hope Israel was prepared for this.

8 Gus  Mon, Apr 23, 2012 6:00:17am
9 _RememberTonyC  Mon, Apr 23, 2012 6:00:47am

In a fairly short time, Israel will not only be self sufficient due to its own natural gas reserves, but it will be a large exporter of natural gas.


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