Monday, May 09, 2011

Qatar Offering Israel Gas ‘Below Cost Price’

Several newspapers and Internet forums in the Arab world are reporting that Qatar has expressed its willingness to supply natural gas to Israel instead of Egypt. The reports' sources have not been disclosed.

According to the reports, Qatar's Industry and Commerce Minister Hassan Abdulla Fakhro told his Israeli counterpart in a phone conversation that his country was willing to export natural gas to the Jewish state "for an unlimited period of time and below market prices".

The Israeli minister, the reports said, "voiced his appreciation for the Qatari government's stance" on the issue.

It should be noted that Qatar is an important player in the global natural gas market. It controls 15% of the world's gas reserves and is considered a leading global supplier in this field.'


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