Egypt, Kuwait eye deeper ties as leaders discuss trade, Gaza reconstruction    Egypt issues commemorative stamps to celebrate historic Grand Egyptian Museum opening    Egypt, US, UN discuss worsening crisis in Sudan's Darfur region    Egypt advances phase II of $2m AfDB-funded Lake Victoria–Med corridor project    Oil prices drop slightly on Thursday    US cuts China tariffs to 47%    Gold price rise on Thursday    Egypt urges ceasefire in Sudan as EU denounces RSF brutality after El-Fasher's capture    Finance Ministry introduces new VAT facilitations to support taxpayers    Egypt to launch national health tourism platform in push to become Global Medical Hub by 2030    Al-Ahram Chemicals invests $10m to establish formaldehyde, derivatives complex in Sokhna    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    CBE governor attends graduation ceremony of Future Leaders programme at EBI    Kuwaiti PM arrives in Cairo for talks to bolster economic ties    Counting Down to Grandeur: Grand Egyptian Museum Opens Its Doors This 1st November    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    In pictures: New gold, silver coins celebrate the Grand Egyptian Museum    Pakistan-Afghanistan talks fail over militant safe havens    Sisi expands national support fund to include diplomats who died on duty    Al-Sisi reaffirms Egypt's commitment to religious freedom in meeting with World Council of Churches    Health Ministry outlines medical readiness for Grand Egyptian Museum opening 1 Nov.    Egypt becomes regional hub for health investment, innovation: Abdel Ghaffar    Madinaty Golf Club to host 104th Egyptian Open    LG Electronics Egypt expands local manufacturing, deepens integration of local components    Egypt medics pull off complex rescue of Spanish tourist in Sneferu's Bent Pyramid    Egypt Open Junior and Ladies Golf Championship concludes    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian Gas Cutoff Is Business Not Politics: Netanyahu
Published in Amwal Al Ghad on 23 - 04 - 2012

“We don't see this cutoff of the gas as something that is born out of political developments. It's actually a business dispute between the Israeli company and the Egyptian company," said Prime Minister Benjamin Netanyahu on Monday after Egypt, a day earlier, said it would no longer approve the flow of natural gas to Israel.
Netanyahu added that Israel has the reserves of gas “to make Israel totally energy independent, not only from Egypt but from any other source, and to have Israel become one of the world's large exporters of natural gas."
Foreign Minister Avigdor Lieberman said Monday morning he hopes the support shown by presidential candidates in Egypt for canceling the gas pipeline deal with Israel is motivated by electioneering rather than a desire to end the peace treaty.
“We want to believe that all the recent announcements are part of the election campaign and afterwards things will return to normal," Lieberman said in an interview on Army Radio. “We will wait another month and a half until after the elections and see if things return to normal.
The foreign minister also said he believes that the cause of the current dispute over Egyptian gas supplies to Israel is commercial in nature and not part of a wider political split between the two countries.
“To make this into a political dispute would be a mistake," Lieberman said. “The peace treaty is important to Israel and no less so to Egypt."
Egypt unilaterally canceled its agreement to supply Israel with natural gas st the weekend, in a new indication of the steadily deteriorating relations between the countries.
Some leading Israeli politicians on Sunday characterized the cancellation as a major breach of the 1979 peace agreement, but the Israeli Prime Minister's Office and Egypt's ruling military leadership both described the move as “commercial" rather than “political" and said it was rooted in a dispute over interrupted supplies and payments, and that the matter was being handled by arbitration.
Egyptian presidential hopefuls Abdel Moneim Aboul Fotouh and Hamdeen Sabahi both expressed their satisfaction regarding the canceled deal. “The Egyptian people do not want to export gas to Israel and the president must act according to their wishes," said Fotouh.
“I hope this decision is permanent in order for Egypt to better guard its national resources," said Sabahi on his Twitter account.
Egyptian parties to the 2005 gas supply agreement claimed Israel had not paid its bills for the gas, while their Israeli counterparts slammed the Egyptians for failing to maintain a stable supply — the pipeline has been repeatedly sabotaged — and for moving unilaterally to end the deal.
Minister of National Infrastructure Uzi Landau said that the unilateral move by Egypt didn't surprise him and noted that Israel began preparing for such a development even before the pipeline was first blown up last year.
“We rehearsed for this," Landau told Army Radio. “Israel needs to be prepared."
Landau dismissed claims that the dispute was purely commercial in nature. An agreement as significant as that of the gas supply line is under government control, he said.
“At the end of the day it is not just a commercial deal between companies; it is an important deal between two countries," Landau said. “Something like this can't happen without the knowledge of the Egyptian authorities. Nonetheless, we need to do everything to preserve the peace treaty with Egypt, of which the pipeline is an important part."
Landau said he didn't believe the absence of gas from Egypt would push up electricity prices in Israel but he did warn that it would worsen the country's already precarious energy supply situation. Last week the Israel Electric Cooperation warned of a looming energy crisis in the coming summer.
Knesset Member and former defense minister Binyamin Ben-Eliezer (Labor), who was deeply involved in Israel-Egypt relations in the past, told Army Radio that breaking the gas deal was severing a last link between the two countries.
“I see this as very serious," Eliezer said. “The existence of the pipeline supported the peace treaty."
Eliezer, who for some months has warned of possible conflict with Egypt, joined in the hope that the decision, taken during the rule of Egypt's interim military leadership, would not be maintained after the elections when a permanent government is installed.
“The pipeline is a primary interest to Egypt, the same as for Israel," he said, while also urging a drive towards achieving natural gas independence for Israel.


Clic here to read the story from its source.