Report: Egypt sees new gas deal with Israel soon

By REUTERS
October 4, 2011 10:53

 
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CAIRO - Egypt will soon finish drafting a new contract for gas exports to its neighbor Israel that includes a big increase in prices, a newspaper cited the petroleum minister as saying on Tuesday.

Gas supplies to Israel have been disrupted by a series of attacks on the pipeline in the Sinai border region by assailants believed to oppose the sale of gas to the Jewish state.

The attacks became more frequent and supplies were halted after the overthrow of Egypt's President Hosni Mubarak in February.

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