Middle East Economic Survey


No 37



Yam Thetis Agrees 10-Year Gas Supply Contract With Israel Oil Refineries Ashdod Plant

Yam Thetis, the US/Israel consortium producing gas from the offshore Mari-B gasfield, has agreed to supply gas to Israel Oil Refineries (IOR) Ashdod plant for 10 years. Yam Thetis will supply 1.3 BCM of gas over the period, but this volume will be reduced to 0.8 BCM (equal to some 7.7mn cfd averaged over the life of the contract) if IOR does not...