VOL. XLV

No 31

5-August-2002

ISRAEL

YamThetis Considering Bond Issue ToFinance Mari Gas Development

The Yam Thetis consortium isconsidering a bond issue to raise NIS1bn ($215mn) to finance the development ofthe offshore Mari gas field, according to a 16 July report in Israeli financialdaily Globes. In June, Yam Thetis announced that it had formally finalized terms forthe supply of gas from the Mari field to Israel Electric Corporation (IEC)under an 11-year term contract (MEES,1 July). Yam Thetis...