BREAKING NEWS

Landau: Egyptian economic ties eroding after pipeline blast

By JPOST.COM STAFF, REUTERS

JULY 12, 2011 10:37

Israel's most crucial tie to Egypt, an economic one, is deteriorating, National Infrastructures Minister Uzi Landau told Army Radio on Tuesday morning.

Earlier Tuesday, saboteurs blew up an Egyptian gas pipeline distribution station in northern Sinai that supplies natural gas to Israel, the official MENA news agency reported. The explosion was the fourth attack this year on pipelines in Sinai that supply gas to Israel and Jordan.

"The most important economic connection between Israel and Egypt is eroding," Landau said. "Electricity disruptions are not expected since we have other energy reserves, however it will be more expensive."

"The price will increase by about 20 percent due to the use of gasoline and diesel, but my job is to maintain the supply of electricity to the Israeli economy," Landau continued.

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