Egypt’s Natural-Gas Pipeline to Israel, Jordan Struck by Double Explosion
Investing News Network - November 10th, 2011
Bloomberg reported that the pipeline transporting Egyptian natural gas to Israel and Jordan was struck by two explosions.
Bloomberg reported that the pipeline transporting Egyptian natural gas to Israel and Jordan was struck by two explosions.
As quoted in the market news:
The explosions underscore Egypt’s challenge in securing the pipeline and threaten to worsen its already soured ties with its eastern neighbor. The North African country, holder of the continent’s third-largest gas reserves, supplied Israel with about 40 percent of its gas needs before an attack in July on the same network.