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, Israeliís 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 >>

Norway >>  1/10/2017 - A new record for gas exports from Norway was set in 2016, when 108.56 billion standard cubic metres (scm) were delivered within Gasscoís operatorship ...
Iraq >>  1/9/2017 - The ministry of oil declared for the exportation of the first shipment "and the 14th one" of the condensed gas for 2017 by the Basra Gas Company throu...

Japan >>  1/4/2017 - Inpex Corporation (INPEX) has begun supplying natural gas to the Hokuriku Factory of Asahi Soft Drinks Co., Ltd. (Asahi Soft Drinks) through the Toyam...
Iraq >>  1/3/2017 - The ministry of oil declared the total exported quantities of the C5 condensed gas and the surplus liquefied gas during the last year. Mr. Assim Jihad...

Russia >>  1/3/2017 - Russian natural gas volumes sent via Ukraine to European consumers rose by 23 percent in 2016 to 82.2 billion cubic metres (bcm), Ukrainian gas transp...
Turkmenistan >>  1/3/2017 - Turkmenistan since Jan. 1 has limited natural gas supplies to Iran over unpaid past deliveries, the Turkmen Foreign Ministry said on Tuesday, a day af...

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.