Egyptian minister Zohr gas field no bar to imports from Israel

(Before It's News)

DEBKAfile was founded by a team of journalists in June 2000 as an independent Internet Web site, providing an intelligence and security news service. September 2, 2015, 6:17 PM (IDT)

Egyptian Petroleum Minister Sherif Ismail told Reuters Wednesday that the discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel. “Any negotiations between private companies in Egypt and in the eastern Mediterranean, and by this I mean Israel and Cyprus, will not stop. These negotiations and initial agreements are ongoing,” the minister said. His statement caused a major upturn in energy stocks after sharp drops Tuesday.

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