Egyptian Company Wants Israeli Gas As Soon As Possible


As the the debate in Israel over a controversial deal to extract gas out of off-shore fields rages on, an Egyptian company has expressed intense interest in purchasing the coveted resource from Israel as soon as possible.

An official at Egypt’s Dolphinus Holdings told Channel 2 news that the company is seeking to become a major player in the gas market and is interested in buying around 6 billion cubic meters of natural gas from Israel in the coming years.

In recent weeks thousands have protested throughout the country against the government’s intention to bypass anti-trust regulations in order to approve a the deal with US energy giant Noble Energy.

Read more at The Times Of Israel