Explosion in Egyptian gas pipeline disrupts Israel's gas supply

IMEMC- An explosion Friday morning took out a natural gas pipeline in the northern Sinai in Egypt, near the border with Israel. Egyptian national television initially reported that "foreign elements" had sabotaged the pipeline in multiple places, and attacked a government building in the Sinai with gunfire, but later rescinded the report and claimed that the pipeline explosion was an "accident"......

Egypt supplies around 40% of Israel's natural gas, which is piped across the border and sold at a heavily discounted rate, on terms negotiated between the current Egyptian regime and the Israeli government. The same Egyptian source also supplies gas to Jordan and Syria, who pay over twice as much per unit of gas as their Israeli counterparts. Read More