Israeli Energy Minister Eli Cohen revealed that his decision to not sign a $35 billion gas agreement with Egypt resulted in his American counterpart canceling a scheduled visit to Israel. In a statement released by Cohen’s office, it was mentioned that there was significant pressure from US officials to approve the deal, but Cohen stood firm on waiting until Israeli interests were safeguarded and a fair market price was established. The cancellation of the visit by the US Energy Secretary highlighted the importance and sensitivity of the negotiations between Israel and Egypt.
Israel Delays Signing $35 Billion Gas Deal with Egypt, Leading to Cancellation of US Energy Secretary’s Visit
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