Jerusalem concerned as Egypt halts gas supply to Israel

The supply of natural gas from Egypt to Israel was halted on Friday and has yet to be resumed. Concern is mounting in Jerusalem: Sources there believe Egypt is struggling to supply all its clients, and has chosen to cut back its supply for its neighbors, including Israel, some of which pay especially low prices for the fuel.

Israel receives Egyptian gas through Egyptian-Israeli consortium EMG.


The Israel Electric Corporation, which is the main consumer of the Egyptian gas, has resorted to buying larger amounts from the Tethys Sea group through spot deals that are significantly more expensive. The outcome could well be higher electricity bills for Israel’s consumers as the IEC rolls over the higher cost onto them.

Ha’aretz