Egypt seeks to double gas price for Israel - report
Middle East • May 2011 • Views: 325
Egypt will officially open negotiations to review the price of natural gas exported to Israel with the aim of doubling prices, Egyptian daily “Al Masry al Youm” reports today. Sources at the Petroleum Ministry told the paper that East Mediterranean Gas Company (EMG) has agreed to begin negotiations later this month to review gas prices based on the 2009 agreement, which stipulates price increases on gas exports to Israel in accordance with an agreed upon percentage.