Prime Minister Essam Sharaf said the gas contracts with Jordan and
Israel would be raised in an effort to increase revenues for Egypt by $4
billion, Middle East Newsline reported. Sharaf did not say when the review would be completed. Egypt was
said to supply 40 percent of Israel's gas requirements.
"The review is aimed at bringing in the greatest returns for Egypt,"
Sharaf's spokesman, Ahmed Saman, said.
Also In This Edition
Politicians have criticized Egypt's gas contracts with Israel, saying
the Jewish state was receiving the energy for below-market prices. One
presidential candidate, Ayman Nour, has demanded that Egyptian gas be sold
to Israel at market prices despite the long-term contract signed in December