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Last update - 16:28 09/06/2008 Egypt says will review price of gas exported to Israel By The Associated Press Tags: Egypt, Gas, Export, Israel Egypt's minister of petroleum said Sunday his government will review the price of natural gas exported to Israel after coming under criticism from opposition groups. In February Egypt began pumping natural gas to Israel in accordance with an energy accord between Cairo and Jerusalem but opposition groups questioned low prices in the deal, describing them as below market rates. "We will review prices of natural gas in all agreements without any exception," the official Middle East News Agency quoted Petroleum Minister Sameh Fahmy as telling the parliament late on Sunday in a session devoted to debate the agreement with Israel. Advertisement Under the agreement, the Cairo-based East Mediterranean Gas (EMG) sells 1.7 billion cubic meters of Egyptian natural gas annually to the state-run Israel Electric Corporation for a period of 15 years. EMG is a private energy consortium jointly owned by Egyptian businessman Hussein Salem and the Israeli Merhav Group. The government says such gas exporting deals provide Egypt with million of dollars annually and all prices were fixed according to economic considerations. "The prices at the beginning of this century were suitable but after the recent rise the ministry is reconsidering them," Abdel Fatah Abou Zaid, a ministry official, told the parliament, according to MENA. Egypt possesses gas reserves of 3 trillion cubic meters according to ministry figures. Last year it produced some 62 billion cubic meters, more than 25 percent of which was sold on international market. Egypt is one of the few Arab states, along with Jordan and Mauritania, to officially recognize Israel but cooperation remains severely hampered by criticism over the Israeli-Palestinian conflict. Related articles: Egypt's Islamic opposition slams gov't over gas deal with Israel Egypt PM wants Israel to pay more for its natural gas Israel may import Qatari gas Bookmark to del.icio.us   Sign of life Family of abducted IDF solider Gilad Shalit receives new sign of life. Happy Jews San Francisco museum details positive impact of Jews on city.   1.   Israeli idiots invested billions in Egypt only to have it expropr 00:39  |  Absolute Sweden 09/06/08   2.   Is there an agreement on the price or not? 00:50  |  Genuine Tosefta 09/06/08   3.   Only fair 00:56  |  Axel 09/06/08   4.   Joint company 01:43  |  Truth 09/06/08   5.   Israel and cheap natural gas. 02:26  |  Maureen Ann 09/06/08   6.   Agreements with arabs-not worth paper written on 03:29  |  Arie 09/06/08   7.   arie 3 04:01  |  potobac 09/06/08   8.   TREATY IS PEACE OF PAPER 04:13  |  TOBIA 09/06/08   9.   Maureen Ann-#2-Australia and cheap gas 04:25  |  Daniel Leopold 09/06/08   10.   #1-Take a true reality test 04:25  |  Brig Gen JJ David 09/06/08   11.   #3, ARI, speaking of that 04:49  |  VIPER 09/06/08   12.   Egyptian Gas Should Sell at Market Rate 05:21  |  Johan Odin 09/06/08   13.   TELL US VIPOR 05:39  |  TOBIA 09/06/08   14.   What criticism? 05:48  |  B 09/06/08   15.   Egypt Petrol line Clogged for months 05:54  |  The Archives 09/06/08   16.   #5 Maureen Ann - Gaza too much FART Gas 06:08  |  Magnify 09/06/08   17.   Thanks to Mofaz empty threats, oil price will continue to go up 06:15  |  Aounist 09/06/08   18.   39 Daniel Leopold. Spot on! 06:19  |  Maureen Ann 09/06/08   19.   Do not worry Aounist, Iran will solve all gas problems 07:35  |  Genuine Tosefta 09/06/08   20.   What was written in that 15 year agreement? 08:47  |  S 09/06/08   21.   Egypt should squeeze Israel until its eyeballs pop out 09:28  |  Clickfool 09/06/08   22.   For Genuine Tosefta # 19 09:51  |  Clickfool 09/06/08   23.   # 2 GT 11:06  |  Axel 09/06/08   24.   #22, the fool is here 11:53  |  Cipora Julianna Kohn 09/06/08   25.   For Cipora # 24 18:15  |  Clickfool 09/06/08   26.   Egypt are traitors 18:23  |  George 09/06/08   27.   # 24 CJK 22:50  |  Axel 09/06/08

Read & React Shalit's father: Gilad begs for his life in new letter Responses: 84 Israeli envoy to London: U.K. has become hotbed of anti-Israeli views Responses: 67 Arab towns to hand out 'Nakba' alternative history booklet outside schools Responses: 25 Moshe Arens: Israeli politicians using Iran threat to ignore Gaza rockets, cede Golan Responses: 15 Amir Oren: Olmert is an albatross around neck of Washington Responses: 3 Rosner's Domain On a par with the policies of President Bush Should you mess with the Zohan? (WTR) Poll: Philip Roth, Victor Frankl or Leon Uris? Obama and Jerusalem: did you really believe him? What did Obama say to Joe Lieberman? (WTR) More Headlines 13:07 Qassams pound Negev as Olmert, top ministers discuss Gaza truce 13:04 Abducted soldier Shalit's father: Gilad begs for his life in new letter 10:58 Turkish, Israeli sources: Israel-Syria talks to resume Thursday 09:41 Congress gets behind Israel's aid request 09:50 Israeli envoy to London: U.K. has become hotbed of radical anti-Israeli views 12:06 Arabs states to discuss 'worries' over Israel's role in Med union 11:48 Poland loses to Germany in Euro, as 1939 Nazi conquest again makes headlines 12:51 Palestinians: Israel transfers delayed tax money, but millions missing 11:52 Arab towns to distribute 'Nakba' alternative history booklet outside schools 10:50 Egyptian police kill Sudanese migrant trying to infiltrate Israel 11:20 Interior Min. sets up unit to grant refugee status 11:31 Jewish pilot tapped for U.S. Air Force chief position 09:56 Canadian PM cancels visit to Israel due to Olmert probe Previous Editions Select Day 09 jun 08 jun 06 jun 05 jun 04 jun 03 jun 02 jun 01 jun 30 may 29 may 28 may 27 may

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