Netanyahu: Gas cutoff a business dispute

Prime Minister Benjamin Netanyahu insists that the cancellation of gas supplies from Egypt is not born out of political developments.

"We don't see this cutoff of the gas as something that is born out of political developments. It's actually a business dispute between the Israeli company and the Egyptian company," Prime Minister Benjamin Netanyahu told a group of Israel Bonds leaders today.

Netanyahu added, "But alongside that I have to say that we have gas reserves to make Israel totally energy independent, not only from Egypt but from any other source, and to have Israel become one of the world's large exporters of natural gas. So we're quite confident on that score."

Published by Globes [online], Israel business news - www.globes-online.com - on April 23, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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