Egyptian Prime Minister Essam Sharaf on Wednesday called for reviewing the natural gas deals with all countries, including Jordan and Israel, the official MENA news agency reported.
The suggestion was aimed at selling the natural gas at higher prices and gaining more profits for Egypt, said MENA.
This revision is expected to bring 3 to 4 billion U.S. dollars more in gas revenue, he added.
There has been a call among some protestors in Egypt for increasing the prices of exported natural gas. The planned move is also the government's response to the demand.
Israel and Egypt agreed in 2005 that Egypt would supply Israel with 1.7 billion cubic meters of gas each year for 15 years. The agreement created controversy in Egypt, where opponents say gas was exported to Israel at a price below the international level.
Over the past three years, about 80 percent of power generated in Jordan relied on the Egyptian gas. In 2010, Jordan imported about 239 million cubic meters of gas from Egypt.
http://english.cri.cn/6966/2011/04/14/2724s631949.htm
The suggestion was aimed at selling the natural gas at higher prices and gaining more profits for Egypt, said MENA.
This revision is expected to bring 3 to 4 billion U.S. dollars more in gas revenue, he added.
There has been a call among some protestors in Egypt for increasing the prices of exported natural gas. The planned move is also the government's response to the demand.
Israel and Egypt agreed in 2005 that Egypt would supply Israel with 1.7 billion cubic meters of gas each year for 15 years. The agreement created controversy in Egypt, where opponents say gas was exported to Israel at a price below the international level.
Over the past three years, about 80 percent of power generated in Jordan relied on the Egyptian gas. In 2010, Jordan imported about 239 million cubic meters of gas from Egypt.
http://english.cri.cn/6966/2011/04/14/2724s631949.htm
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