Egypt in final stages of negotiating new gas prices

The draft set to have the new price of Egyptian LNG to Israel will be finished soon and will see a large increase in price, Egyptian Minister of Petroleum Abdullah Al-Ghorab announced on Tuesday. Al-Ghorab said that the new price will be in congruence with the international price. He also stressed that LNG export to Israel has halted ever since the first explosion of the pipeline. Egypt is also looking to renegotiate its LNG price with Jordan, which shares the same pipeline with Israel. A series of attacks on Egypt''s pipeline by unidentified people has seen its LNG export to Israel and Syria stop.