tag:blogger.com,1999:blog-8003335.post6351660977950690914..comments2024-03-18T13:13:41.444+02:00Comments on Egyptian Chronicles: Breaking : Egypt cancels gas deal "Updated"Zeinobiahttp://www.blogger.com/profile/12290387395565291310noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-8003335.post-16514292764837210192012-04-24T02:17:25.641+02:002012-04-24T02:17:25.641+02:00Arutz Sheva: Egypt Offers Gas – At Higher Rates. &...Arutz Sheva: <a href="http://www.israelnationalnews.com/News/News.aspx/155057#.T5XvO9WQmbM" rel="nofollow">Egypt Offers Gas – At Higher Rates</a>. "An Egyptian minister said Cairo would be happy to sell Israel gas again, if Jerusalem agreed to a rate hike."<br /><br />Don't assume a renegotiated price would be higher. With the 14 gas line bombings, Egypt has demonstrated that she is an unreliable source, and that has to be factored into the price.Jasonhttp://elnaschiewatch.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-8003335.post-50173310249377485912012-04-23T20:05:53.045+02:002012-04-23T20:05:53.045+02:00wELL mR. aWALEED,
well, Mr Awaleed, war...wELL mR. aWALEED,<br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />well, Mr Awaleed, war is just what Egypt needs now that there is not enough bread, gaz bottles and work for the people. Especially war because a lawfully entered contract has been breached.Private second classnoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-55615041904461856482012-04-23T19:05:21.787+02:002012-04-23T19:05:21.787+02:00If he is such a hero why doesn't he blow more ...If he is such a hero why doesn't he blow more things up? Blow it all up! Why doesn't he run for Pres.? His policy? Blow everything up. That should work pretty good.pirooznoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-38349772781814323062012-04-23T16:30:54.472+02:002012-04-23T16:30:54.472+02:00EMG is Hussein Salem and this felon is equal to Ho...EMG is Hussein Salem and this felon is equal to Hosni Mubarak. It should be logical that Egypt does not want to channel more funds into the coffers of the ousted leader and his cronies. <br /><br />This gas deal was crafted in a way that it maximizes Mubarak's profits and this is paid for by the Egyptian people, because the gas is sold at the same subsidized price that our government is offering Egyptian companies.<br /><br />As Israel was well aware of this Mubarak-enrichment scheme - they will have to bear the consequences.The Islamistnoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-69101078246494447642012-04-23T16:11:47.523+02:002012-04-23T16:11:47.523+02:00No Al Waleed it is just you who is waiting eagerly...No Al Waleed it is just you who is waiting eagerly. Your opinion is highly moronic! Why? You have not a clue, huh? You still believe 85 million Egyptians can win such a war? <br />Well just imagine: Israel will drop just one nuke on Saad el 3aly - and we are finished forever. The radioactive tidal wave will still be at about 6 meters in height once it reaches Cairo. Egypt would be uninhabitable for hundreds of years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-2676034083930882192012-04-23T12:10:09.885+02:002012-04-23T12:10:09.885+02:00thank god , we was a big loser for this unsuccessf...thank god , we was a big loser for this unsuccessful deal , actually welcome to war with Jewish Mr.Jason , we wait this moment eagerlyAlwaleedhttps://www.blogger.com/profile/08878608656909849499noreply@blogger.comtag:blogger.com,1999:blog-8003335.post-68427795452774717382012-04-23T06:32:52.360+02:002012-04-23T06:32:52.360+02:00Arutz Sheva: Egypt Says Gas Agreement 'Suspend...Arutz Sheva: <a href="http://www.israelnationalnews.com/News/News.aspx/155021#.T5TatdWQmbM" rel="nofollow">Egypt Says Gas Agreement 'Suspended, Not Cancelled'</a>Jasonhttp://elnaschiewatch.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-8003335.post-24066711155415909042012-04-23T06:05:15.148+02:002012-04-23T06:05:15.148+02:00Actually, its a bit more complex than that. The co...Actually, its a bit more complex than that. The court case is being held between a private company (EMG) and the Egyptian government. EMG is held by investors from Egypt / Israel / US / Thailand.<br />If the law suite was between the Israeli government and the Egyptian government, things would be much easier, cause the Israeli government has a general interest in calm relations with Egypt (and the gas issue was written-off long time ago).<br />Since its a private company with international investors they dont care about diplomacy, their international investors will demand to get every dollar they invested in the pipe back (and probably more).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-62233636003930159142012-04-23T02:53:45.371+02:002012-04-23T02:53:45.371+02:00Disappointing cowardice - but should we really exp...Disappointing cowardice - but should we really expect any different?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-40090009816061564702012-04-23T01:41:44.371+02:002012-04-23T01:41:44.371+02:00Is there a penalty?
Yes. The case has been going...Is there a penalty? <br /><br />Yes. The case has been going on for some time now because of the on-going disruptions (due to the bombing of the pipeline by the so-called hero). The Israeli company was demanding US Dollars 8 Billion (billion not million) for damages and loss of production. Egypt's defence was a clause under the contract referred to as "forced majeure" where events happen out of the control of the Egyptian government, represented by EGAS in this case. Egypt is represented in this case by a global law firm called Shearman Sterling. People close to the case have implied that Egypt has very little chance of defending itself in this arbitration because the government has breached its obligations under the contract. So this so called "hero" has actually cost Egypt US Dollars 8 Billion. Some hero eh????<br /><br />The problem with arbitration is if Israel wins and Egypt refuses to pay, then Egypt's assets can be frozen abroad (I.e. An Egyptair plane in London can be seized until Egypt pays or bank accounts of Egyptian companies abroad can be frozen, etc...)<br /><br />I'm not suggesting at all that I support gas exports to Israel. In fact, I'm against gas exports to ANY country because we can use it in the country to add more value to our economy. But I'm against the complete ignorance of many people who cheer for these acts and don't understand the grave economic consequences on the country from these actions. <br /><br />The same people who are after the "feloul" and the suspected "crony" businessmen for allegedly getting cheap land and making several hundred million pounds from this, are the same people who are cheering the "hero" who has forced Egypt to pay this 8 billion dollars to Israel from the taxpayers money (your money).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-81866861300474507332012-04-23T01:37:20.974+02:002012-04-23T01:37:20.974+02:00@خالد The penalty... is war!<b>@خالد</b> The penalty... is <em>war</em>!Jasonhttp://elnaschiewatch.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-8003335.post-29383403881703337422012-04-22T22:45:43.883+02:002012-04-22T22:45:43.883+02:00!! و اخيرا!! و اخيراAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8003335.post-59271480537166209312012-04-22T20:44:33.252+02:002012-04-22T20:44:33.252+02:00Oh my.Oh my.Jasonhttp://elnaschiewatch.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-8003335.post-71619600568471707972012-04-22T20:41:48.964+02:002012-04-22T20:41:48.964+02:00Is there any penalty in the contract?Is there any penalty in the contract?خالدhttps://www.blogger.com/profile/18153850098117793919noreply@blogger.com