Gas supply to resume to Israel following pipeline repairs

Source: Ampal-American Israel Corp.

Ampal-American Israel Corporation (Nasdaq: AMPL) has been advised by East Mediterranean Gas Co. (EMG), in which Ampal has a 12.5% interest, that the Egyptian National Gas Company (EGPC) informed EMG that the gas supply to EMG and therefore to EMG’s Israeli clients is expected to resume by February 17, 2011. 

On February 6, 2011 Ampal announced that due to an explosion and fire in a metering station along a gas pipeline from Egypt to Jordan which is owned and operated by GASCO, the Egyptian gas transport company, which is a subsidiary of EGAS, the supply of gas to EMG, and therefore to EMG’s Israeli clients, has been interrupted. As announced GASCO's station is not a part of the EMG pipeline system and is located approximately 30 kilometers (some 18.6 miles) away from the EMG site. 

Ampal has been advised by EMG that GASCO expects the supply of gas to be resumed by February 17, once GASCO concludes the repair works on a small segment (some 200m long) of GASCO's pipeline leading to the EMG site, which was damaged by the heat generated by the explosion. 

As previously announced, neither EMG's site nor EMG's pipeline were damaged.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs