• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 2 hours WTI @ 67.50, charts show $62.50 next
  • 49 mins Mike Shellman's musings on "Cartoon of the Week"
  • 1 hour Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 1 hour Venezuela set to raise gasoline prices to international levels.
  • 6 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 36 mins Batteries Could Be a Small Dotcom-Style Bubble
  • 43 mins Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 8 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 7 hours Corporations Are Buying More Renewables Than Ever
  • 23 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 22 hours California Solar Mandate Based on False Facts
  • 12 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 12 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
Peak Lithium Won’t Happen Anytime Soon

Peak Lithium Won’t Happen Anytime Soon

Peak lithium is not happening…

U.S. Drillers Add Double Digit Oil, Gas Rigs

U.S. Drillers Add Double Digit Oil, Gas Rigs

Despite the correction in oil…

Egypt Predicts New Israel Natural Gas Deal Shortly

Egyptian Petroleum Minister Abdullah Ghorab said that his country will soon finish drafting a new contract for natural gas exports to Israel, adding that the new contract will include a significant price increase.

Ghorab commented, "The final draft related to amending the prices for exporting natural gas to Israel will be completed soon. It will see a big increase in the price. Whoever pays more will receive preference for our gas," Egypt’s Ahram news agency reported, adding that the new prices are in line with global gas prices and that they will benefit Egypt's economy.

Egypt is also seeking to alter its export prices of natural gas exports to Jordan.

Israel previously imported Egyptian natural gas through Egypt's $500 million East Mediterranean Gas Company Ltd. (EMG) pipeline, which since the overthrow of Egyptian President Hosni Mubarak in February has been subjected to repeated attacks, closing completely on 25 July.

Ghorab remarked that the Egyptian government was finalizing legislation in order to update prices for Egyptian natural gas exports to Israel to reflect current global market prices, adding that Egypt was holding direct talks with Israel negotiating new gas prices to reflect the price increases.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News