Egypt Cuts Natural Gas Supplies to Israel

Supposedly because the old regime was selling the gas too cheap but this might be part of a strategy to weaken Israel before the coming war. Way to go Obama!

Egypt on Sunday terminated a long-term gas deal with Israel, a stakeholder said, prompting Finance Minister Yuval Steinitz to express “deep concern” over what he described as a move diminishing the peace treaty between the two countries.

Neither the Foreign Ministry nor the Prime Minister’s Office had any comment on the report, with one ministry official saying that the relevant authorities were “looking into” the matter.

“We have no information that the contract has been nullified,” one Foreign Ministry official said.

The official added that if the report was indeed true it would be a “grave development” with ramifications on the normalization of ties between the two countries under the 1979 peace treaty. But, the official added, this was not an agreement between governments, but rather between private companies and the Egyptian government.

Steinitz said he viewed with “deep concern the unilateral Egyptian announcement over terminating the gas deal with Israel, both because of its diplomatic and economic aspects. This is a dangerous precedent that diminishes the peace treaty” between the neighboring countries.

Opposition head Shaul Mofaz said that the move puts the ties between the two countries at their lowest since the peace treaty was signed.

According to Israel Radio, Mofaz said this was a “blatant infringement of the peace treaty.” This step, he said, necessitated a reaction from the US, which was the guarantor of the Camp David Accords.

Lefties are downplaying this as a commercial dispute but i can see Armageddon from here. Can you?