Gas Supply to Israel Continues

Ampal-American Israel Corporation, a holding company in the business of acquiring and managing interests in various businesses, announced today that it was advised by East Mediterranean Gas Co. (“EMG”), in which Ampal has a 12.5% interest, that this morning an explosive device was placed at a GASCO (the Egyptian gas transport company) location along GASCO’s upstream gas pipeline leading to EMG’s pipeline as well as pipelines leading... Read more..

Gas Supply To Israel Interrupted Due To EGAS’s Mandatory Shut Down Procedure And Is Expected To Resume Within a Week

Ampal-American Israel Corporation, a holding company in the business of acquiring and managing interests in various businesses, announced today that it has been advised by East Mediterranean Gas Co.(“EMG”), in which Ampal has a 12.5% interest, that contrary to some media reports, EMG’s gas pipeline from El-Arish, Egypt to Ashkelon, Israel is intact, and was not damaged by the explosion at a gas metering station in Egypt yesterday.... Read more..

Ampal-American Israel Corporation Announces the Successful Completion of the Offers in Israel to Purchase All Outstanding Shares and Convertible Debentures of Gadot Chemical Tankers and Terminals Ltd.

Ampal-American Israel Corporation announced that Merhav-Ampal Energy Ltd., a wholly owned subsidiary of Ampal, successfully completed the tender offers in Israel to purchase all outstanding shares of common stock and convertible debentures of Gadot Chemical Tankers and Terminals Ltd. , and now holds all of the outstanding Shares of Gadot (99.99% on a fully diluted basis) and 66.76% of the outstanding Debentures, and in consideration paid a total... Read more..