Egypt scraps Israel gas supply deal

[Jos]

Egypt's state-owned gas company says it has scrapped a controversial deal which supplies Israel with 40% of its natural gas at lower than market prices.

Egyptian Natural Gas Holding Company (EGAS) complained it had not been paid by the Israeli-Egyptian firm that buys gas from Egypt and sells it to Israel.

The details of the deal have never been released publicly, but former Egyptian officials have said the gas was initially sold to EMG at about $1.25 per British thermal unit (BTU), and then increased in 2008 to $4 per BTU. EMG was able to negotiate its own terms with Israeli buyers.

The government sells gas to Egyptian companies for about $4 per BTU, while comparable deals see Turkey, Greece and Italy paying $7 to $10.

"The big saying here in Egypt is that we are subsidising the Israeli people while we are not subsidising the Egyptians,"

BBC News - Egypt scraps Israel gas supply deal

[ame=http://www.youtube.com/watch?v=rNQRfBAzSzo]Queen - Another One Bites The Dust - YouTube[/ame]

 

[Mr. H.]

From what I've read, Israel has discovered significant natural gas deposits in their territorial waters.
They could be the ones exporting it some day.

 

[Jos]

If they could find a way to collect the Methane from all their bullshit they would make a fortune

 

[Mr. H.]

This just in...

Not just payments behind Egypt gas halt to Israel: consortium - Yahoo! News

 

[Mr. H.]

Looks like egg is on the face of Egypt, not the Izzies...

The Egyptian oil and gas companies "failed to protect the pipeline from attack, failed to repair it promptly and have delivered almost no gas to EMG since February 2011," the international shareholders said.

The Egyptian oil and gas companies are substantially indebted to EMG as a result of the penalties they have incurred due to their failure to supply the gas, the shareholders said.

 

[JStone]

The Jews make a fortune from their intellect. Muslime losers, not so much.




The Misery of Arabs/Apple R&D In Israel

Apple will open a research and development center in Israel that will focus on semiconductors

The R&D center in Herzliya, Israel’s version of Silicon Valley, would be Apple’s first outside California

Earlier this week, Israeli media reported Apple was in advanced talks to buy Anobit, an Israeli maker of flash storage technology, for $400-$500 million

It is so sad and frustrating to see APPLE investing in Israel, while we as Arabs are not able to attract these investments to our countries! I don’t know what our leaders are doing to create proper environment for such investments!

I would prefer seeing APPLE as well as MICROSOFT having their R&D in Lebanon or any other Arab Country instead of being in ISRAEL!

WISH THE ARAB LEADERS WILL WAKE UP AND CARE FOR DEVELOPING THEIR COUNTRIES AND SOCIETIES INSTEAD OF APPLYING DICTATORSHIP AND KILL THEIR PEOPLE!
The Misery of Arabs ! Apple R&D in ISRAEL! | What do You Think ?

[ame=http://www.youtube.com/watch?v=yA4wnqRAuhI]Apple to set up Israel development center - YouTube[/ame]

[ame=http://www.youtube.com/watch?v=qH1mYikmYzo]Apple to Acquire Anobit? - YouTube[/ame]

Apple today confirmed earlier reports it has acquired Israel-based flash memory startup Anobit....which makes flash memory technology found in the iPhone, iPad, and MacBook Air.. The deal was reported to be worth $400 million to $500 million.
Apple confirms Anobit acquisition | Apple - CNET News

 

[Truthseeker420]

Egypt's state-owned gas company says it has scrapped a controversial deal which supplies Israel with 40% of its natural gas at lower than market prices.

Egyptian Natural Gas Holding Company (EGAS) complained it had not been paid by the Israeli-Egyptian firm that buys gas from Egypt and sells it to Israel.

The details of the deal have never been released publicly, but former Egyptian officials have said the gas was initially sold to EMG at about $1.25 per British thermal unit (BTU), and then increased in 2008 to $4 per BTU. EMG was able to negotiate its own terms with Israeli buyers.

The government sells gas to Egyptian companies for about $4 per BTU, while comparable deals see Turkey, Greece and Italy paying $7 to $10.

"The big saying here in Egypt is that we are subsidising the Israeli people while we are not subsidising the Egyptians,"

BBC News - Egypt scraps Israel gas supply deal

[ame=http://www.youtube.com/watch?v=rNQRfBAzSzo]Queen - Another One Bites The Dust - YouTube[/ame]

time to crank up Egypt is a terrorist state propaganda

 

[JStone]

Egypt's state-owned gas company says it has scrapped a controversial deal which supplies Israel with 40% of its natural gas at lower than market prices.

Egyptian Natural Gas Holding Company (EGAS) complained it had not been paid by the Israeli-Egyptian firm that buys gas from Egypt and sells it to Israel.

The details of the deal have never been released publicly, but former Egyptian officials have said the gas was initially sold to EMG at about $1.25 per British thermal unit (BTU), and then increased in 2008 to $4 per BTU. EMG was able to negotiate its own terms with Israeli buyers.

The government sells gas to Egyptian companies for about $4 per BTU, while comparable deals see Turkey, Greece and Italy paying $7 to $10.

"The big saying here in Egypt is that we are subsidising the Israeli people while we are not subsidising the Egyptians,"

BBC News - Egypt scraps Israel gas supply deal

[ame=http://www.youtube.com/watch?v=rNQRfBAzSzo]Queen - Another One Bites The Dust - YouTube[/ame]

time to crank up Egypt is a terrorist state propaganda

Islime is the religion of peace.


Muslim attack on 9/11, killing 3,000
Ongoing Muslim genocide in Darfur and southern Sudan, 4 million killed
Muslims firebomb Coptic church in Cairo, killing 21
Muslims slaughter 60 Christians in church in Iraq
Muslim bombings in Mumbai, India kill 250, 700 injured
Muslim bombings in Londin, 53 killed, 700 injured
Multiple Muslim bombings on trains near Madrid, Spain. 191 killed, 1460 injured
Muslim bombing in Bali nightclub, 202 killed, 300 injured
Muslim bombing attacks in Russia kill 300
Musim attack on Beslan, Russia school, 344 killed including 186 children
Muslim attack on the Christian community in Demsa,
Nigeria, killing 36 people, destroying property and displacing an additional 3000 people
Muslim attack on the Hindu Ram temple in India; one of the most holy sites of Hinduism, 6 dead.
Muslim bombings in India, over 60 killed and over 180 injured in crowded markets and a bus, just 2 days before the Diwali festival
Muslim bombings in Varanasi, India, series of attacks in the Sankath Mochan Hanuman temple and Cantonment Railway Station, 28 killed and over 100 injured
Muslim bombings in India, 21 explosive devices, 56 dead and 200 injured.
Muslim bombings in Delhi, India, 30 people dead and 130 injured, followed by attack two weeks later, 3 people dead.
Muslims kill at least 174 people and wound numerous others in attacks in Mumbai.
Muslims detonate car bomb in Pakistan shopping district, killing over 110 killed and over 200 injured.
Muslim suicide bomber in Somalia detonates in hotel hosting a graduation ceremony for local medical students, killing four government ministers as well as other civilians.
Muslim suicide bomber in Pakistan drove into a volleyball pitch as people gathered to watch a match killing more than 100 people
Muslims attack mosques in Pakistan, killing nearly 100 and injuring many others
Muslim attacks on the Hindu Raghunath temple, India, 25 dead.
Muslim bombing in al-Arbaa, Algeria. 49 dead, 117 injured.
Muslim suicide attack on Indian parliament kills 7, wounds 12
Muslim machine gun attack on Hindu temple in India. 31 dead, 86 injured

Iran Iraq War, 1 million dead
Lebanese Civil War, 250,000 dead
Algerian Civl War: 300,000 dead
Bangladesh Civil War: 500,000 dead
Black Sept., Jordan's King Hussein murders, expells 80,000 Palestinians
Syrian army kills 20,000 Syrians at Hama
Iraq gases hundreds of thousands of Kurds
1400 year conflict between Sunnis and Shiites
Fratricide between Hamas and Fatah
Syria/Hizballah assassinate Lebanese PM Rafik Hariri

Alexis de Toqueville...

I studied the Koran a great deal. I came away from that study with the conviction there have been few religions in the world as deadly to men as that of Muhammad. So far as I can see, it is the principal cause of the decadence so visible today in the Muslim world and, though less absurd than the polytheism of old, its social and political tendencies are in my opinion to be feared, and I therefore regard it as a form of decadence rather than a form of progress in relation to paganism itself.

 

[Mr. H.]

Something new to ponder...

RIGZONE - Israel s Tamar Group to Sell Gas to Egypt via Pipeline

 

[Sally]

Egypt's state-owned gas company says it has scrapped a controversial deal which supplies Israel with 40% of its natural gas at lower than market prices.

Egyptian Natural Gas Holding Company (EGAS) complained it had not been paid by the Israeli-Egyptian firm that buys gas from Egypt and sells it to Israel.

The details of the deal have never been released publicly, but former Egyptian officials have said the gas was initially sold to EMG at about $1.25 per British thermal unit (BTU), and then increased in 2008 to $4 per BTU. EMG was able to negotiate its own terms with Israeli buyers.

The government sells gas to Egyptian companies for about $4 per BTU, while comparable deals see Turkey, Greece and Italy paying $7 to $10.

"The big saying here in Egypt is that we are subsidising the Israeli people while we are not subsidising the Egyptians,"

BBC News - Egypt scraps Israel gas supply deal

[ame=[MEDIA=youtube]rNQRfBAzSzo[/MEDIA] - Another One Bites The Dust - YouTube[/ame]

My goodness, Yussef, did the Ayatollah Khomeini tell you to post an article three years old?

 

[Mr. H.]

Egypt's state-owned gas company says it has scrapped a controversial deal which supplies Israel with 40% of its natural gas at lower than market prices.

Egyptian Natural Gas Holding Company (EGAS) complained it had not been paid by the Israeli-Egyptian firm that buys gas from Egypt and sells it to Israel.

The details of the deal have never been released publicly, but former Egyptian officials have said the gas was initially sold to EMG at about $1.25 per British thermal unit (BTU), and then increased in 2008 to $4 per BTU. EMG was able to negotiate its own terms with Israeli buyers.

The government sells gas to Egyptian companies for about $4 per BTU, while comparable deals see Turkey, Greece and Italy paying $7 to $10.

"The big saying here in Egypt is that we are subsidising the Israeli people while we are not subsidising the Egyptians,"

BBC News - Egypt scraps Israel gas supply deal

[ame=[MEDIA=youtube]rNQRfBAzSzo[/MEDIA] - Another One Bites The Dust - YouTube[/ame]

My goodness, Yussef, did the Ayatollah Khomeini tell you to post an article three years old?

Ma'am, he posted the article the day it was released. It's the thread that's three years old.

 

[aris2chat]

Tamar reservoir partners to supply gas to Egypt through EMG pipeline - Israel News - Jerusalem Post

Confirmed Israel to Supply Gas to Egypt - Global Agenda - News - Arutz Sheva

Palestinian company calls off 1.2bn Israeli gas deal World Ammon News
Palestinians backed out of a deal.