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Egypt unhappy with Israel gas deal

  • Egypt: Monday, April 07 - 2008 at 08:49

The Egyptian government is reportedly reconsidering the 15 year natural gas deal it signed with Israel in 2005. Egyptian ministers want the fixed price contract renegotiated because the price of natural gas has risen rapidly since the agreement was struck. The deal was for the sale of 1.7 million cubic metres of liquefied natural gas to Israeli Electricity, reports United Press International.

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