The Congressional Research Service said turmoil in Egypt following the
ouster of President Hosni Mubarak in February could suspend gas
supplies and increase the price of energy. CRS said Egypt, whch accounts for
2.1 percent of the market, produces the gas for Lebanon, Jordan and "more
than half the natural gas consumed in Israel."
"Although Egypt is considered an energy producer or net exporter
overall, its oil and natural gas exports are not large enough to affect
regional or global prices," the report, titled "Implications of Egypt’s
Turmoil on Global Oil and Natural Gas Supply," said.
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"The most serious
impact would be on regional recipients of its natural gas exports."
The report cited repeated attacks on the Arab Gas Pipeline, the
Sinai-based facility that supplies the Levant and meant to reach Turkey. CRS
said the attacks were believed to have stemmed from Bedouins in the
peninsula who have sought equal rights and development.