Egypt-Israel pipeline still on schedule

Israel Electric Corp. signed an agreement with EMG in August 2005, for $2.5 billion of natural gas over 15 years, the biggest contract between the two nations.

By MATTHEW KRIEGER
November 6, 2007 08:24

The National Infrastructures Ministry said on Monday that natural gas from Israeli-Egyptian East Mediterranean Gas Pipeline Co. is due in Israel during the first quarter of the year of 2008, "according to EMG's obligations to its Israeli customers," and not in mid-2008, as Avraham Arbib, a director at the Infrastructure Ministry, said last week. A sources in the energy industry told The Jerusalem Post the laying of the pipeline from Egypt to Israel has been completed and that gas will arrive next month in a test stage, and by early February, commercial gas will arrive in the country. Israel Electric Corp. signed an agreement with EMG in August 2005, for $2.5 billion of natural gas over 15 years, the biggest contract between the two nations.


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