Egypt said to suspend gas import talks with Israel

Egypt is suspending all negotiations with Israel on gas imports from the Jewish state’s offshore reserves after Cairo is ordered to pay Jerusalem nearly $2 billion earlier on Sunday, Bloomberg reports.

Egypt plans to appeal Sunday’s decision — forcing it to compensate Israel with $1.76 billion for halting gas supplies in 2012 — and is seeking to hold off on any agreements with Israeli gas companies until the results of the appeal are in, the report says.

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