BREAKING NEWS

Liberman downplays Egypt decision to terminate gas deal

Foreign Minister Avigdor Liberman downplayed on Monday Egypt's decision to terminate a long-term natural gas deal with Israel, saying that he hoped the dispute could be solved like any business dispute, Israel Radio reported.
Israel has every desire to uphold the peace accords with Egypt, the foreign minister said. Egyptians share that interest, he added. "We're following what's happening in Egypt and hope that everything will work out for the best," Liberman told Israel Radio.
On Sunday Egypt announced that it was terminating the gas deal inked in June, 2005. Egyptian officials said Cairo's decision to halt the flow of gas through the pipeline - which terrorists have bombed 14 times since the ouster of president Hosni Mubarak - was not rooted in political disagreements. Rather, the issue was part of a commercial dispute between the companies and Egyptian government corporations that is presently being adjudicated abroad.
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