The military regime has overseen the draft of a memorandum for the
Egyptian Petroleum Ministry to terminate a long-term gas contract with
Israel. Officials said the request would be relayed to an international tribunal on
grounds that the contract with Israel was illegal.
The memorandum has been drafted by Egyptian consultant Ramadan Abu Al
Ola and would claim $10 billion in compensation from Israel and the United
States for paying below-market prices charged by the ousted regime of
President Hosni Mubarak, Middle East Newsline reported.
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Al Ola said Israel was paying a third of the price
of gas acquired by Britain from Russia.
The Arab Gas Pipeline, meant to deliver Egyptian gas to Israel
and Jordan, has been bombed four times in 2011. As a result, the pipeline operated only
half of the expected amount during the first half of this year.