Netanyahu downplays Egyptian natural gas cutoff

April 23, 2012 15:19

Prime Minister Binyamin Netanyahu, in his first comments about the cutoff of Egyptian gas to Israel, played it down Monday, saying it was the result of a commercial dispute.

"We don't see this gas cutoff as something that is born out of political developments," he told a group of Israel Bonds leaders on Monday. "This is actually a business dispute between the Israeli company and the Egyptian company."

With that, Netanyahu said, "I must say that we have gas reserves that will make Israel totally energy independent, not only from Egypt, but from any other source, and which will turn Israel into one of the world's largest exporters of natural gas. So we are quite confident on that score."

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