Middle East Economic Survey

VOL. LIII

No 51

20-Dec-2010

israel/EAST MEDITERRANEAN

Israel Corporation Signs Gas Deal With EMG, Tamar Project Stalled Over Tax Proposal

Israel Corporation on 13 December announced that five of its subsidiaries had signed 20-year gas purchase agreements with Egypts East Mediterranean Gas (EMG) for supplies initially amounting to 1.4 bcm/year of Egyptian gas. The contracts cover gas supplies to five of the corporations subsidiaries: Israel Chemicals, OPC Rotem,...