News Briefs

  Sivan 6, 5773 , 15/05/13

Gas Pipeline Terror Partly Causes Price Hike

The domestic electricity tariff will rise Wednesday at midnight by 6.3%. The increase is still covering the expenses resulting from the natural gas crisis that began two years ago. The fall of Egyptian leader Hosni Mubarak led to instability, particularly in the Sinai Peninsula. Terrorists and vandals repeatedly attacked the natural gas pipeline located in the Sinai causing a disruption in electricity to both Israel and Jordan. Israel had signed a deal with Egypt to buy gas from the facility. The bombing attacks forced Israeli power companies to purchase expensive fuel replacements, the companies stated. Israel's new natural gas stations off the coast of Haifa are expected to eventually defray costs.

Other archived news briefs:May 15 2013, 08:30 PM, 5/15/2013