Report: Egypt, Qatar Agree to Halt Gas Supplies to Israel

[Purveyor]

Egypt, which currently provides about 40 percent of Israel's natural gas through its Sinai Peninsula pipeline, has reportedly agreed to halt sales to the Jewish State during a conference in Tehran, according to the Iranian FARS news agency. So has Qatar, which in the past has expressed its willingness to sell gas to Israel if the Egyptian supply were to vanish.

If true, gas prices in Israel could skyrocket until the Jewish State secures another source. Due to at least six terrorist attacks and sabotage this year alone, the amount of diesel fuel used to generate electricity rose by 103 percent since January, as compared with the same period a year ago.

The delegation from Cairo was among dozens of others at the 5th International Conference on the Palestinian Intifada, where participants announced the agreement to cut the supply of natural gas to Israel from their countries in a final statement issued by the “Political Groups and Parties' Commission.”

The two-day conference was reportedly attended by more than 50 parliamentary delegations, state officials and others from Muslim and non-Muslim nations. Among the countries in attendance were Jordan, Qatar, Egypt, Lebanon, Syria, Iraq, Oman, Afghanistan, Mexico, Hungary, Bolivia, Paraguay, Cuba, and Colombia.

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http://www.israelnationalnews.com/News/News.aspx/148455

[Hardrada]

1. Yes.

[dixiegrrrrl]

2. Well well...I would say things are heating up, but......

[King_David]

3. When Egypt runs out of Gas,Israel will have plenty.

As long as Turkey does not steal or sabatage the Jewish States Gas Supply.

[holdencaufield]

5. Hail HaHandasa HaKravit...

... should prevent that from happening

[azurnoir]

4. Egypt to substantially raise price of gas to Israel: report

Egypt will substantially raise the price of its gas exports to Israel, which have stopped after militants blew up a Sinai desert pipeline, an Egyptian newspaper reported on Tuesday.

Oil minister Abdullah Ghurab said there would be "a large increase in the price" after the revision which would be announced soon, the state-owned Al-Ahram newspaper reported.

The sale of gas to Israel, which signed a peace treaty with Egypt in 1979, has always been controversial in the most populous Arab country.

Former president Hosni Mubarak, on trial for allegedly ordering the shootings of protesters during a revolt that ousted him in February, also faces charges of exporting the gas at cheap prices.

Egypt supplies 43 percent of Israel's natural gas, which generates 40 percent of Israel's electricity.

http://news.yahoo.com/egypt-substantially-raise-price-gas-israel-report-160755593.html