{"id":633101,"date":"2018-02-27T04:40:06","date_gmt":"2018-02-27T04:40:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/israel-denies-it-is-making-concessions-on-the-intl-arbitration-award-against-egypt\/"},"modified":"2018-02-27T04:40:06","modified_gmt":"2018-02-27T04:40:06","slug":"israel-denies-it-is-making-concessions-on-the-intl-arbitration-award-against-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/israel-denies-it-is-making-concessions-on-the-intl-arbitration-award-against-egypt\/","title":{"rendered":"Israel denies it is making concessions on the int\u2019l arbitration award against Egypt"},"content":{"rendered":"

<\/a> 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?<\/strong> 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 1.76 bn international arbitration from a pre-revolution contract to sell natural gas o Israel, Haaretz reports<\/a>. \u201cIsrael hasn\u2019t given up on the debt and the matter did not come up for discussion during talks on the Leviathan export deal to Egypt that was signed [last] week,\u201d Israel\u2019s Ministry of Energy said. Israel Electric Corporation, the beneficiary of the 2015 arbitration award, also denied that such a concession was made. \u201cThe company is not aware of any concessions on the debt. There won\u2019t be any backing down on the debt. The company continues to seek to collect it,\u201d IEC said in a statement. As we noted on Sunday<\/a>, the Prime Minister Sherif Ismail seemed to suggest that the agreement, which would see Alaa Arafa\u2019s Dolphinus Holding import gas from Israel\u2019s Delek and Noble, part of a compromise to withdraw the USD 1.76 bn international arbitration ruling against EGAS, EGPC and East Mediterranean Gas (EMG). Ismail had made dropping the arbitration award a condition to allowing imports of gas from Israel\u2019s Leviathan field.<\/p>\n

Maybe the arbitration isn\u2019t really that important to Israel?<\/strong> A senior Israeli government source, who asked not to be identified, told Haaretz\u2019s TheMarker that he didn\u2019t expect Egypt would agree to pay the debt and that Egypt\u2019s failure to pay the compensation wouldn\u2019t affect electricity rates in Israel since IEC had already written off the debt as unrecoverable and had incorporated it into rates over the last six years. That, coupled with the fanfare from the announcement of the agreement, would hint that formal settlement of the issue may not be as essential as both governments are letting on.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 1.76 bn international arbitration from […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633101","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ef9c6988-4874-448b-ba63-c223ea5775c7","order":"0","is_powered_by":true,"section_story_id":"7622cbce-f8a7-49cb-8e0b-b6440028331a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633087],"teaser":"","voice_url":""},"yoast_head":"\nIsrael denies it is making concessions on the int\u2019l arbitration award against Egypt - 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\/2018\/02\/27\/israel-denies-it-is-making-concessions-on-the-intl-arbitration-award-against-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Israel denies it is making concessions on the int\u2019l arbitration award against Egypt\" \/>\n<meta property=\"og:description\" content=\"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? 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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":[]},{"id":602739,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/israel-electricity-company-admits-to-voluntarily-forgiving-usd-1-3-bn-of-egyptian-gas-debt-as-part-of-2018-arbitration-settlement\/","url_meta":{"origin":633101,"position":1},"title":"Israel Electricity Company admits to voluntarily forgiving USD 1.3 bn of Egyptian gas debt as part of 2018 arbitration settlement","author":"enterpriseam admin","date":"4 April 2019","format":false,"excerpt":"Israel Electricity Company admits to voluntarily forgiving USD 1.3 bn of Egyptian gas debt as part of a 2018 arbitration settlement, the company announced in a filing with the Tel Aviv Stock Exchange, according to Haaretz. 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":632242,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/you-have-an-unstable-erdogan-to-thank-for-israeli-plans-to-export-to-europe-from-egypt\/","url_meta":{"origin":633101,"position":2},"title":"You have an unstable Erdogan to thank for Israeli plans to export to Europe from Egypt","author":"enterpriseam admin","date":"6 February 2018","format":false,"excerpt":"You have an unstable Erdogan to thank for Israel playing ball with our ambitions to become a regional export hub for natural gas: Turkish President Recep Tayyip Erdogan\u2019s escalation of his anti-Israel rhetoric over the past year has been a major driver for Israel to turn away from a US-backed\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":603085,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/egypt-and-israel-to-settle-gas-arbitration-in-coming-months\/","url_meta":{"origin":633101,"position":3},"title":"Egypt and Israel to settle gas arbitration in coming months","author":"enterpriseam admin","date":"15 April 2019","format":false,"excerpt":"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\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":633101,"position":4},"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":632976,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/egypt-might-sign-export-agreement-for-east-med-gas-to-europe-as-early-as-mid-2018\/","url_meta":{"origin":633101,"position":5},"title":"Egypt might sign export agreement for East Med gas to Europe as early as mid-2018","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Egypt might sign an export agreement to ship East Med gas to Europe as early as mid-2018: Egypt will sign a memorandum of understanding with the EU to export gas from the East Mediterranean through its liquefaction plants before mid-2018, said Oil Minister Tarek El Molla at the International Petroleum\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\/633101","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=633101"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633101\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633087"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=633101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=633101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=633101"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=633101"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=633101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}