An Israeli gas platform, controlled by a U.S.-Israeli energy group, is seen in the Mediterranean sea west of Israel's port city of Ashdod February 25, 2013. REUTERS/Amir Cohen
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Egypt said it was settling financial disputes with an Israeli electricity company and a key pipeline operator to turn a $15 billion deal to import gas from the Jewish state into reality.The gas deal announced this week had been held up by arbitration rulings ordering Egypt to pay Israel Electric Corp. and East Mediterranean Gas Co., which operates a section of pipeline, compensation for canceling an earlier contract.Noble Energy and Delek Drilling-LP announced Monday they had agreed to export 64 billion cubic meters of natural gas over 10 years to Egyptian company Dolphinus Holdings Ltd. from Israel's Tamar and Leviathan reservoirs.Cyprus's energy minister said Tuesday the country was also close to an agreement to sell natural gas to Egypt.
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