Israel gets 40 per cent of its natural gas from Egypt, a deal built on their landmark 1979 peace accord (Reuters)Dispute Grows as Egyptian Gas Is Still Not Flowing to Israel -- New York Times
JERUSALEM — More than a month after saboteurs blew up an Egyptian pipeline supplying natural gas to Israel, the line is repaired but gas is not flowing and foreign shareholders of the company suspect politics to be the reason. They are threatening legal action against Egypt.
American and Thai shareholders in the pipeline have demanded urgent consultations to avoid resorting to binding arbitration based on trade treaties. One letter to Egyptian ministries from an American company with an Israeli chairman threatens a lawsuit of $8 billion.
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My Comment: Egypt has publicized their own reasons on why the natural gas is not flowing .... but others have different reasons. Either way .... the special relationship between Israel and Egypt is now over.
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