Monday 14 March 2011

Natural gas from Egypt to Israel to resume Monday

JERUSALEM, March 13 (Reuters) - Natural gas supply from Egypt to Israeli customers is expected to resume on Monday after the pipeline was damaged five weeks ago, an Israeli partner in the East Mediterranean Gas (EMG) consortium said on Sunday.
The resumption of gas supply will follow the successful completion of repair work and testing of the pipeline that was damaged in an explosion and fire on Feb. 5, Ampal-American Israel Corp (AMPL.O: Quote) (AMPL.TA: Quote) said in a statement. It initially was slated to resume on March 4 but was delayed several times.
Egyptian state television and local government officials had reported saboteurs blew up a pipeline that runs through Egypt's North Sinai, disrupting flows to Israel and Jordan after Islamists called on militants to exploit the unrest that led to the overthrow of President Hosni Mubarak.
EMG is owned by Egyptian businessman Hussain Salem, Egypt Natural Gas Co, Thailand's PTT, American businessman Sam Zell, Ampal-American and Israel's Merhav.
EMG supplies 45 percent of the gas needs of Israel's electric utility. The rest comes from

No comments:

Why cows may be hiding something but AI can spot it

  By Chris Baraniuk Technology of Business reporter Published 22 hours ago Share IMAGE SOURCE, GETTY IMAGES Image caption, Herd animals like...