{"id":603085,"date":"2019-04-15T03:58:21","date_gmt":"2019-04-15T03:58:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/"},"modified":"2019-04-15T03:58:21","modified_gmt":"2019-04-15T03:58:21","slug":"egypt-and-israel-to-settle-gas-arbitration-in-coming-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/","title":{"rendered":"Egypt and Israel to settle gas arbitration in coming months"},"content":{"rendered":"

<\/a> A resolution to the nearly USD 1.8 bn Egypt-Israel natgas arbitration case seems to be within arm\u2019s reach<\/b>, if statements from Israeli Energy Minister Yuval Steinitz to Reuters<\/a> are anything to go by. \u201cI think there is already a final understanding, but it needs approval of the Israeli electric authority and maybe also of someone on the Egyptian side,\u201d Yuval said, suggesting that the case could be resolved in a few months\u2019 time. Egyptian gas companies were ordered to pay the Israel Electricity Company (IEC) a USD 1.76 bn arbitration settlement after they reneged on a natural gas supply contract amid the tumult of 2011, but the IEC admitted to voluntarily writing off USD 1.3 bn of the payment earlier this month<\/a>. The Egyptian government had made reducing the award a condition for accepting any gas agreement with Israel. This led to a settlement in November as Egypt and Israel concluded an agreement that will make Egypt a key customer for Israeli natural gas.<\/p>\n

Cooperation in the energy sector is business as usual despite the pending case, <\/b>the Israeli minister said. \u201cThere is no linkage, whatsoever, between this arbitration and Israeli and Egyptian energy cooperation and relations. We have no government control on such kind of commercial arbitration,\u201d Steinitz said.<\/p>\n","protected":false},"excerpt":{"rendered":"

A resolution to the nearly USD 1.8 bn Egypt-Israel natgas arbitration case seems to be within arm\u2019s reach, if statements from Israeli Energy Minister Yuval Steinitz to Reuters are anything to go by. \u201cI think there is already a final understanding, but it needs approval of the Israeli electric authority and maybe also of someone […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[93,72,89,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603085","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-energy","tag-enterpriseam","tag-israel","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0e6be8e5-6501-4170-94ec-29aec157d168","is_powered_by":true,"section_story_id":"94e8e5a6-b23c-4ee8-9d0f-006726cc6f62","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603076],"teaser":"","voice_url":""},"yoast_head":"\nEgypt and Israel to settle gas arbitration in coming months - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt and Israel to settle gas arbitration in coming months\" \/>\n<meta property=\"og:description\" content=\"A resolution to the nearly USD 1.8 bn Egypt-Israel natgas arbitration case seems to be within arm\u2019s reach, if statements from Israeli Energy Minister Yuval Steinitz to Reuters are anything to go by. \u201cI think there is already a final understanding, but it needs approval of the Israeli electric authority and maybe also of someone […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-15T03:58:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt and Israel to settle gas arbitration in coming months\",\"datePublished\":\"2019-04-15T03:58:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/\"},\"wordCount\":217,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"Israel\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/\",\"name\":\"Egypt and Israel to settle gas arbitration in coming months - 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The company intentionally kept the 85% write-off a secret until yesterday for diplomatic reasons,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591785,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/israeli-govt-green-lights-gas-exports-to-egypt\/","url_meta":{"origin":603085,"position":1},"title":"Israeli gov\u2019t green-lights gas exports to Egypt","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Israel green-lights gas exports to Egypt: Israeli Energy Minister Yuval Steinitz yesterday gave the all-clear for Israel to begin exporting natural gas to Egypt, paving the way for the first gas shipments to arrive next month, according to the Jerusalem Post. Steinitz called the USD 19.5 bn gas agreement \u201cthe\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632796,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/dolphinus-reportedly-signs-usd-15-bn-natural-gas-agreement-with-israel\/","url_meta":{"origin":603085,"position":2},"title":"Dolphinus reportedly signs USD 15 bn natural gas agreement with Israel","author":"enterpriseam admin","date":"20 February 2018","format":false,"excerpt":"Egypt just became the region\u2019s premier energy hub. Delek Drilling and Noble Energy announced signing two binding agreements to export gas from Israel to Egypt via Dolphinus Holdings, according to Globes. \u201cEgypt is becoming a real gas hub \u2026 This [agreement] is the first [transaction] of potentially more to come,\u201d\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633101,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/israel-denies-it-is-making-concessions-on-the-intl-arbitration-award-against-egypt\/","url_meta":{"origin":603085,"position":3},"title":"Israel denies it is making concessions on the int\u2019l arbitration award against Egypt","author":"enterpriseam admin","date":"27 February 2018","format":false,"excerpt":"Israel denies it is making concessions on the int\u2019l gas arbitration award against Egypt\u2014have the two sides agreed just to gloss over it? Senior Israeli officials have denied that last week\u2019s pact to export USD 15 bn worth of natural gas to Egypt included an agreement to squash a USD\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622425,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/01\/emg-israeli-electric-are-withdrawing-arbitration-cases-against-egypt\/","url_meta":{"origin":603085,"position":4},"title":"EMG, Israeli Electric are withdrawing arbitration cases against Egypt","author":"enterpriseam admin","date":"1 October 2018","format":false,"excerpt":"EMG, IEC have begun withdrawing arbitration cases against Egypt: East Mediterranean Gas (EMG) and Israel Electric Corporation have officially begun proceedings to drop their international arbitration case against state energy companies EGPC and EGAS, according to Oil Ministry sources. 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The settlement, awarded\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=603085"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603085\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603076"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603085"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603085"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}