Israel, Egypt Said to Discuss Gas Exports
- Egypt clarified that option to import Israeli gas still open
- Previous arbitration ruling remains an obstacle to deals
A natural gas production platform west of the Ashkelon shore in Israel.
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Ministers from Egypt and Israel held a call last week to discuss the potential sale of Israeli gas to Egypt, according to a person with direct knowledge of the matter.
Egyptian Oil Minister Tarek El-Molla and Israel’s energy minister, Yuval Steinitz, spoke after an interview El-Molla gave to Bloomberg earlier this month sent shares of Israeli gas companies tumbling on speculation Egypt would halt talks on buying gas from Israel, the person said. El-Molla told Steinitz that Israeli gas exports to Egypt, which would be carried via pipeline, are still on the table, the person said.