Egypt pipeline to Israel, Jordan attacked again - MarketWatch
marketwatch.com/story/egypt-pipeline-to-israel-jordan-attacked-again-2011-12-18?rss=1&siteid=rss
fxstefan Stefan Stredak
Egypt pipeline to Israel, Jordan attacked again: A pipeline that transports gas from Egypt to Israel and Jordan ..TEL AVIV (MarketWatch) – A pipeline that transports gas from Egypt to Israel and Jordan was bombed for the 10th time this year, but no fire ensued because the line was disabled, Sunday reports say.
Shots fired in Cairo clashes
Nine are dead and hundreds more injured in Cairo after two days of bloody street battles. The prime minister calls for calm. Video courtesy of Reuters.
No group has taken responsibility for the attacks. The latest one – which officials said was perpetrated by attackers in four-wheel-drive vehicles – occurred three miles (5 km) south of al-Arish, reports say.
Gas flows have been halted since the last attack, on Nov. 28. Egypt’s government said then that it would strengthen security along the pipeline.
AFP reported that Egyptian gas accounts for 43% of Israel’s natural-gas supplies and 80% of Jordan’s power-generation requirements.
The pipeline is a key source of revenue for the Egyptian government, Bloomberg News reported.
Egyptians overthrew President Hosni Mubarak in February. The country is now holding parliamentary elections, which have been marred by clashes between demonstrators and the military.
