By JERUSALEM POST STAFF
An Egyptian court has ordered the suspension of natural gas sales to Israel amid public criticism that such sales are conducted below market prices.
The ruling on Tuesday came after opposition groups sued to suspend exports, arguing that the 15-year fixed price agreement signed between Egypt and Israel in 2005 lacks any mechanism under which Egypt can adjust prices to reflect current market conditions.
A government spokesman was not available for comment.
Faced with mounting criticism over the deal, Egypt's oil minister pledged in June to review the export price, which critics say is set at $1.5 per British thermal unit - a measure of energy.
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