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December 7, 2015       Share:    

Source: https://www.google.com/search?hl=en&gl=us&tbm=nws&authuser=0&q=%22Egyptian+Gas+Providers+Ordered+to+Pay+Israel+%241.76+Billion%22&oq=%22Egyptian+Gas+Providers+Ordered+to+Pay+Israel+%241.76+Billion%22&gs_l=news-cc.1.0.43j43i53.1607.18763.0.20082.5.3.1.1.0.0.148.273.0j2.2.0...0.0...1ac.1.WW0E7sGR7j4&gws_rd=ssl

Egyptian Gas Providers Ordered to Pay Israel $1.76 Billion

(AP-Wall Street Journal) The Israel Electric Corp. said Sunday that an international arbitrator had ordered Egyptian natural-gas companies to pay it $1.76 billion in compensation for halting gas supplies in 2012 after months of attacks on a pipeline by militants in Egypt's Sinai Peninsula. The electric utility had sued for $4 billion in damages after gas supplies were halted and it was forced to buy more expensive fuel to generate electricity.

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