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April 24, 2012 5:00 am

Egypt: Israel Can Negotiate for Gas at New Price

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Natural gas pipeline running from Egypt into Israel explodes. Photo:

Haaretz/DPA – A senior Egyptian minister said Monday that Israel is welcome to negotiate a new contract with Egypt at a new price, after the latter canceled its 20-year gas deal over a reported business dispute.

“Egypt has no objections to reach a new contract with new conditions and new prices,” Minister of International Cooperation Fayza Abul Naga said Monday.

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