www.bethelfinance.com
Egypt's East Mediterranean Gas Co. (EMG) today resumed natural gas deliveries to Israel, Ampal-American Israel Corporation (Nasdaq: AMPL; TASE:AMPL), which owns 12.5% of the company, announced today.
Mr. Peres Sailam from Bethel Finance Ltd said that gas deliveries were interrupted on February 5, due to an alleged terror attack along the Egyptian gas pipeline, owned and operated by GASCO, the Egyptian gas transport company."
EMG's gas deliveries to Israel have been repeatedly interrupted due to attacks on gas pipelines in Sinai, since the fall of Mubarak government in Egypt in February 2011.
Ampal's share price rose 5.3% by mid-afternoon on the TASE today to NIS 1.09, after rising 1.7% on Nasdaq yesterday to $0.30, giving a market cap of $16.8 million.
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