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Egypt company terminates gas deal with Israel
CAIRO (AP) ' The head of the Egyptian Natural Gas Holding Company says it has terminated its contract to ship gas to Israel because of "violations" of contractual obligations.
Mohamed Shoeb said Sunday Israel has not paid for its gas in months. He would not elaborate. He said it was a business and not a political decision.
Egyptian militants have blown up the gas pipeline to Israel 14 times since the uprising that ousted Hosni Mubarak last year. Many Egyptians feel the deal gives Israel bargain prices. Egypt's parliament has called for the deal to be abrogated.
The Israeli side said the decision was "unlawful and in bad faith," accusing the Egyptian side of failing to supply the gas quantities it is owed. The dispute is under international arbitration.