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Israel to export natural gas to Egypt

  • 9 years ago (2015-12-24)
Middle East 353

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.

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The agreement still hinges on regulatory and other approvals.