Citi sees gas cutoff hurting Egypt more than Israel
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Citi sees gas cutoff hurting Egypt more than Israel

Cairo : Egypt | Apr 24, 2012 at 1:03 AM PDT
Source: Globes Online
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East Mediterranean Gas Company (EMG) will have little effect on Israel, says Citi Capital Markets. It adds that the agreement will likely hurt Egypt more than Israel. B22 ) plenty of opportunity to find alternative sources of supply, particularly since the agreements suspension is unlikely to have... FULL ARTICLE AT Globes Online
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Egypt supplies about 40% of Israel's natural gas which is used to produce electricity
Egypt supplies about 40% of Israel's natural gas which is used to produce electricity
 
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