While insisting the move is not political, Egypt has cut the country's natural gas supply to Israel on Sunday. Egypt cited violations of contractual obligations.
On Sunday, Egypt's Natural Gas Holding Company announced the termination of its contract with Israel. Company head, Mohamed Shoeb has stated that Israel has not paid for its gas in 4 months. Shoeb stated: "This has nothing to do with anything outside of the commercial relations."
Israel purchases 40% of its natural gas supply from Egypt.
This move by Egypt also comes in the wake of cross-border attacks at gas pipelines following last year’s uprising... read full article.
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