Sunday, February 6, 2011

Israel 'worried' about their gas supplies ...

"...The lack of political stability in Egypt, together with Saturday's fire in the pipeline transporting natural gas to Israel and Jordan, has focused Israeli attention on its natural gas sources. While the current disruption appears to be temporary, those in charge of Israel's energy economy must prepare now for the possibility of more prolonged interruptions, whether due to problems operating the pipeline or a reversal in Egypt's commitment to supplying natural gas to Israel. This would have far-reaching consequences, since Egypt supplies more than 40 percent of the natural gas used by Israel Electric Corporation....."

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