Gulf Oil and Gas accountACCOUNT

Ghorab: Cutting Off Gas Supplies to Israel is Beyond My Authority

Source: www.gulfoilandgas.com 3/21/2011, Location: Africa

Share |
Abdallah Ghorab the Egyptian Minister of Petroleum declared that negotiations were underway with all countries, including Israel, that receive gas from Egypt in order to modify the existing gas exports agreements.

This comes after many protests against selling gas at low prices to Tel Aviv. In the mean time, the Egyptian Minister denied that Egypt had exported gas to Israel at low prices between 1.5 to 2 USD, and clarified that gas export prices should be kept confidential because of competition in the market. Gas export to Israel started in July 2008 based on revised prices.

Ghorab mentioned that the decision of cutting off gas supplies to Israel is beyond his authority. He also confirmed that the quantities exported to Israel represents no more than 4 percent of the total gas production in Egypt.

Egypt produces 6.3 billion cubic feet of gas per day. The Egyptian government signed the controversy agreement in 2005 with the Israeli government to export 1.7 billion cubic meters of gas per year to Israel for 20 years with a price, which was said to range between 70 cents and 1.5 dollars per million Btu while it cost $ 2.65.

Unrest in MENA - The New Oil Order

Natural Gas News in Egypt >>

Russia >>  3/21/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, and Claudio Descalzi, Chief Executive Officer of Eni, signed a Memorandum of Understandin...
Trinidad and Tobago >>  3/17/2017 - The signing of a Heads of Agreement (HoA) among NGC, Shell and Venezuela’s state oil and gas company, Petroleos de Venezuela SA (PDVSA) and marked an ...

Venezuela >>  3/17/2017 - The People’s Power Minister of Petroleum of the Bolivarian Republic of Venezuela, Nelson MartInez, and the Minister in the Office of the Prime Ministe...
Qatar >>  3/14/2017 - Polish Oil and Gas Company (PGNiG) signed a side agreement to the existing Sale and Purchase Agreement (SPA) with Qatargas, the World’s Premier Liquef...

Russia >>  3/14/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vasile Botnari, Chairman of the Board of Directors of Moldo...
Iran >>  3/11/2017 - First Vice-President Eshaq Jahangiri says that the natural gas distribution network in Iran is one of the worlds most formidable ones. ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

Oil & Gas Projects in Egypt >>

More News

 

Oil & Gas Companies in Egypt >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.