Israeli gas firm says to continue Egypt gas export talks

Cairo – Mubasher: Israel's Delek Group, which is listed on Tel Aviv Stock Exchange, said Monday it will pursue talks on exporting natural gas to commercial partners in Egypt.

The company added that it is not a party in the arbitration case lodged against Egypt by Israel’s  Electric Corp.

Egypt announced Sunday freezing talks with Israeli gas firms after Israel’s power utility announced it won an arbitration award worth $1.76 billion against Egypt due to damages from the halt in gas supplies since 2011.

Mubasher Contribution Time: 07-Dec-2015 09:34 (GMT)