News Briefs

  4/24/2012, Iyar 2, 5772

Gas Cutoff Believed to Impair Egypt More than Israel

State owned Egyptian Natural Gas Holding Company's (EGAS) cancellation of the gas supply and purchasing agreement with East Mediterranean Gas Company (EMG) will have little effect on Israel, says Citi Capital Markets. The company added that the agreement is likely to impair Egypt more than Israel, Globes reported.