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Pumping Egyptian Natural Gas to Israel

Source: www.gulfoilandgas.com 3/14/2011, Location: Africa

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Ampal-American Israel Corporation, a holding company in the business of acquiring and managing interests in various businesses, announced that it was advised by East Mediterranean Gas Co. ("EMG"), in which Ampal has a 12.5% interest, that, further to Ampal's announcement (March 13), while resuming commercial gas supply by GASCO (the Egyptian gas transport company) to EMG and its Israeli customers, a leak was discovered when the gas pressure exceeded 60 bars. The GASCO field team is currently working to repair the leak in its system.

Consequently, commercial gas supply to Israel, Jordan, Lebanon and Syria as well as to major Egyptian cement industries and power gas consumers in the Sinai Peninsula awaits completion of repair.

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