Taher
Abdel Rehim, head of the Gas Holding Company (EGAS) deniedrumors of the
Egyptian government showing interest in buying gas from Israel.Not to
my knowledge, Rehim responded, when asked if such an intitiative were on
the table.Israeli Minister of Energy and Water Silvan Shalom had told
the ‘Good Morning Israel program broadcast by the Israeli army on
Tuesday that Egypt was suffering from a shortage of gas and had shown
interest in buying gas from Israel. Why not, he said, adding that he
would discuss the details of the deal if it is to be
implemented.The
Israeli High Court of Justice had on Monday rejected lawsuits demanding
the rescinding of the Israeli governments decision on exporting gas. The
ruling was passed by five judges against two.The Israeli government had
decided four months ago to allocate 40 percent of its gas to export and
60 percent to domestic consumption. The total amounts to 540 billion
cubic meters which is sufficient for 25 years. The exports would add
hundreds of billions of dollars to the state treasury.Israeli Prime
Minister Benjamin Netanyahu and the ministers of finance and energy
applauded the court ruling, and so did the Israeli gas companies.Edited
translation from Al-Masry Al-Youm
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