Egypt’s Foreign Minister Talks Tough On Israel

[Purveyor]

April 4, 2011

JERUSALEM (JTA) -- Egypt's new foreign minister said the days of Israel getting cheap gas and strategic benefits are over.

In an interview Sunday on Egyptian television, Nabil al-Arabi said Egypt will demand that Israel pay the difference between the reduced prices it received and market value on the natural gas it purchased under deposed Egyptian President Hosni Mubarak.

It was the first time an Egyptian official has spoken of a retroactive payment. The new oil minister has called for the price to be renegotiated on future purchases, according to Ynet.

Reports have circulated that the Egyptian government exports natural gas to Israel at prices lower than the cost of production.

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http://www.jta.org/news/article/2011/04/04/3086693/egypts-foreign-minister-talks-tough-on-israel