According to Israel Corporation, the firm's controlling shareholder, other investors willing to pitch in the vast amount of money needed couldn't be found.

ENGADGET

The Ampal-American Israel Corporation, an investment and holding company with headquarters in Israel, made the announcement of the termination in a statement on Sunday.

CNN: Egyptian companies abruptly halt gas exports to Israel

Gas deliveries to Israel dried up for a total of 225 days in 2011 and 66 days during the first three months of 2012, and ceased after an explosion on 5 March, according to Ampal-American Israel Corporation - a stakeholder in East Mediterranean Gas Company (EMG), which operates the cross-border pipeline.

BBC: Egypt scraps Israel gas supply deal