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Israel to export natural gas to Egypt

  • 9 years ago (2015-12-24)
Middle East 336

Previously, Egypt had been selling natural gas to Israel, but the deal collapsed in 2012 as militants continuously attacked the pipeline in the Sinai. The subsequent international arbitration ordered Egypt pay $2 billion in compensation, which raised tensions between the two countries.

All Energy 2025
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All Energy 2025

The agreement still hinges on regulatory and other approvals.