Monday, November 21, 2011

Bethel Finance: Egypt resumes gas deliveries to Israel

www.bethelfinance.com

Egypt's East Mediterranean Gas Company (EMG) resumed natural gas deliveries to Israel yesterday, nine days after deliveries were halted due to an attack on pipelines in northern Sinai.

Egyptian gas deliveries to Israel have been interrupted several times since February, due to attacks by Bedouin against gas facilities and pipelines in Sinai.

Yosef Maiman owns 20.6% through Ampal-American Israel Corporation and his private company Merhav MNF Ltd., former Egyptian President Hosni Mubarak's associate, Hussain Salem, owns 28% of EMG, Egyptian Natural Gas Holding Company owns 10%, Thai energy giant PTT Public Co. Ltd. owns 25%, and Israeli institutional investors own 4.4%.

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