Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Israel and Egypt are nearing a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. Israel may agree to settle for half of the $1.73 billion fine Egypt was ordered to pay it so talks on exporting Israeli offshore gas there can go ahead, two people familiar with the negotiations said, requesting anonymity because the talks are private. Deals between Egyptian and Israeli companies had been in the works when an international arbitration court in December ordered Egypt to pay Israel damages for violating a contract to supply Israel Electric with Egyptian gas.U.S.-based Noble Energy Inc. and Israel's Delek Group Ltd., the lead partners in the Leviathan field, need export contracts with Egypt to obtain financing to develop it.
FOLLOW THIS ARTICLE