Gulf Oil and Gas accountACCOUNT

French Law Office Defend Egypt Gas Export to Israel

Source: www.gulfoilandgas.com 2/16/2012, Location: Africa

Share |
Israel is pressing charges against Egypt to the International Arbitration Court claiming that Egypt failed to meet gas export obligations through Eastern Mediterranean Company. Accordingly, the Egyptian General Petroleum Corporation (EGPC) begins to take action to defend its position.

According to an Egyptian source, Israeli’s resort to the International Arbitration Court is only for forcing Egypt to accept new contract terms in favor of Israel. Holding meetings between the two sides to negotiate new contract terms is a clear evidence, the source added.

EGPC has clarified to the international French law office handling the case on behalf of Egypt that Al Arish gas pipeline explosion is the reason to blame for negative implications which harms not only Israel, but also Jordan.

The Arbitration may last for two years in which each party has the right to choose an arbitrator, and to reach an agreement for hiring a third arbitrator.

A reliable source quoted that Egypt decision to change the exporting gas prices to Israel is final and fair for a balanced deal; on the other hand Israel is asking Egypt for compensation due to the interruption of gas supply.

Unrest in MENA - The New Oil Order

Natural Gas News in Egypt >>

Kuwait >>  12/11/2017 - The State of Kuwait is looking into ways to import Iraqi natural gas and it is negotiating a deal on the final price, said Kuwaiti Minister of Oil and...
Australia >>  12/1/2017 - Queensland company, Arrow Energy, has agreed one of the largest gas supply deals on Australia’s east coast, to bring to market its significant gas res...

Australia >>  12/1/2017 - Queensland company, Arrow Energy, has agreed one of the largest gas supply deals on Australia’s east coast, to bring to market its significant gas res...
Russia >>  11/29/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Aleksandar Vucic, President of the Republic of Serbia, took...

Russia >>  11/23/2017 - The Gazprom Management Committee took note of the information about the impacts of the events of 2017 on the long-term outlook for the global energy m...
Australia >>  11/22/2017 - Santos had entered a second contract to supply natural gas to the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF). Under the agreement, Santos wi...

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 | 21 | 22 |

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 GW 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.