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Bloomberg: Talks to end Israeli case against Egypt over natural gas

Negotiations are ongoing between the two companies that operate the Israeli gas field Tamar along with the Spanish Union Fenosa Gas SA (UFG) to drop an Israeli arbitration court case against Egypt, US business agency Bloomberg revealed on Tuesday. 208 more words

Cyprus signs deal with Egypt for transfer of natural gas via pipeline

Cyprus signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt, once extraction starts of discoveries made off the Mediterranean island. 156 more words

Will Israeli natural gas flow in Egypt’s pipelines?

A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear. 1,843 more words

Tension in Israel's Cabinet


© AFP/File | Prime Minister Benjamin Netanyahu, pictured on May 15, 2016, made a rare personal appearance in Israel’s supreme court to argue for an offshore gas agreement… 203 more words

Egypt, Israel reported to be nearing compromise on natural gas dispute

Egypt and Israel are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal.

Israel may agree to settle for half of the $1.73 billion fine Egypt was ordered to pay it so talks on exporting Israeli offshore gas there can go ahead, two people familiar with the negotiations said, requesting anonymity because the talks are private.  626 more words