CAIRO, Egypt (AP) -- An Egyptian lawyer says a court is reviewing a demand to halt natural gas exports to Israel.
Lawyer Ibrahim Yousri says the petitioners want to stop the deal because of its below market gas prices of only $1.5 per British thermal unit, a measure of energy. The market price is almost nine times higher, and Yousri says Egypt is losing about $9 million a day.
He says Judge Ahmed el-Shazli on Monday asked the petitioners to present documents supporting their case and adjourned the hearings until Oct. 17.
Egypt began pumping gas to Israel in February as part of an energy deal under which Cairo-based East Mediterranean Gas sells 1.7 billion cubic meters (2.21 billion cubic yards) of gas annually to state-run Israel Electric Corporation for the next 15 years.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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