New leaders to focus on gas exports
Issue 209
- 21 May 2011
| 2 minute read
Egypt’s new leaders are keen to renegotiate export contracts with Israel and Jordan, which are accused of being sold gas at preferential prices. Court hearings took place in 2009 to challenge the Israeli deal in particular (AE 172/21). Prime minister Essam Sharaf said in April he hoped to boost Egypt’s income from gas exports by $3bn-4bn. Domestic energy shortages have also made the deals unpopular, and there is a de facto moratorium on new export projects.
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