Azerbaijan , Baku, Oct. 4 / Trend /
Egypt will complete talks with Israel and Jordan on supplying Egyptian gas over the next few days. They will include new export prices, Egyptian Petroleum and Mineral Resources Minister Abdullah Ghorab said in an interview with the Egyptian newspaper Al Ahram on Tuesday.
He added that almost all the controversial points in the new contracts have been settled. The negotiations will be completed from day to day, RIA Novosti reported.
"The prices on Egyptian gas export will be significantly changed in the new contracts," minister said. "They will greatly increase."
He stressed that the increase in export prices will benefit not only the Egyptian side, but importing countries, because Egypt will be able to provide better conditions, better security of supplies and ensure strict compliance with contracts.
Israel imports natural gas from Egypt in accordance with the contract concluded in 2005 for 20 years. The Egyptian side has recently supplied 45 percent of gas required to Israel.
After Egyptian President Hosni Mubarak resigned in February 2011, unknown